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    Highway 278 Monticello, AR 71655

    Sponsored
    For Sale
    $1,297,500

    173 Acres, Prime Location, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional investment opportunity: 173 acres of land in Monticello, Arkansas, strategically located along Highway 278. This property boasts 2000 feet of highway frontage, providing unparalleled visibility and access, ideal for various development projects. Its prime location, just 1.5 miles from the intersection of Highways 425 and 278 and a quarter mile from the new loop connecting Highway 278 to the Drew County Regional Medical Center, ensures easy access to essential amenities. The property is minutes from Wal-Mart and other shopping and dining options. Currently featuring a thriving pine plantation, this land offers potential income from timber harvesting, while also providing a serene setting for residential development. The proximity to the University of Arkansas Monticello adds to the area's appeal, creating a vibrant and desirable community. This versatile property presents a unique chance to capitalize on the growth and development potential of Monticello, Arkansas. The land's size and location make it suitable for a variety of uses, from commercial ventures to residential estates. The existing pine plantation adds significant value and provides immediate income potential. This is a rare opportunity to acquire a substantial parcel of land in a rapidly developing area.

    Property Features for 0 Highway 278

    General Information

    Property type
    Agricultural land
    Lot Size
    7,535,880 SF

    HighLights

    • 1.5 miles from Hwy 425 & Hwy 278 intersection; 0.25 miles from Hwy 278 loop connecting to Drew County Regional Medical Center, offering prime development potential.
    • 2,000 feet of Hwy 278 frontage provides excellent visibility and accessibility.
    • Minutes from Walmart and other shopping, dining, and services.
    • Well‑stocked pine plantation offers potential timber income or scenic backdrop.
    • Near the University of Arkansas Monticello.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.712771
    Latitude
    33.6347078

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    FAQs

    What type of property is this?
    Agricultural land - 173 Acres, Prime Location, Investment Opportunity
    Where is this agricultural land located?
    The property is located at Highway 278 Monticello, AR.
    What is the asking price?
    The asking price for this property is $1,297,500.
    What are key features of this property?
    This property features: 1.5 miles from Hwy 425 & Hwy 278 intersection; 0.25 miles from Hwy 278 loop connecting to Drew County Regional Medical Center, offering prime development potential.; 2,000 feet of Hwy 278 frontage provides excellent visibility and accessibility.; Minutes from Walmart and other shopping, dining, and services.
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    Highway 278 Monticello, AR 71655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highway 278 Monticello, AR 71655
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