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    Lot 2 Hwy 62 Farmington, AR 72753

    Sponsored
    For Sale
    $740,520

    2-Acre Lot, Hwy 62, $740,520

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2-acre commercial land parcel presents a remarkable development opportunity in Prairie Grove, Arkansas. Strategically located on Highway 62, this property is situated within Prairie Grove's newest commercial corridor, boasting high visibility and accessibility. The asking price is $740,520, translating to a land value of $8.50 per square foot. The lot is currently designated for commercial use, aligning with the city's future land use plan. This prime location offers significant advantages, anchored by established businesses such as Casey's General Store, Taco Bell, and McDonald's, ensuring high traffic volume and consumer presence. The property's versatility is further enhanced by the possibility of subdividing the lot to accommodate various development needs, making it suitable for a range of commercial projects. The surrounding area is experiencing substantial growth, with new and developing residential subdivisions adding to the potential for increased demand and property value appreciation. Future plans for sewer availability across the entire acreage will further enhance the property's appeal and development potential, making it an ideal investment for discerning buyers seeking a prime location in a thriving commercial area. The address is Lot 2 W Hwy 62, Prairie Grove, AR 72753, within Washington County.

    Property Features for 0 Lot 2 Hwy 62

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Casey's General Store, Taco Bell, and McDonald's anchor this commercial lot offering.
    • Lots are divisible to suit buyer needs.
    • Excellent location surrounded by new residential growth.
    • Sewer availability planned for the entire acreage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    Washington
    State
    Arkansas
    Longitude
    -94.29888265
    Latitude
    35.97569047

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    FAQs

    What type of property is this?
    Land - 2-Acre Lot, Hwy 62, $740,520
    Where is this land located?
    The property is located at Lot 2 Hwy 62 Farmington, AR.
    What is the asking price?
    The asking price for this property is $740,520.
    What are key features of this property?
    This property features: Casey's General Store, Taco Bell, and McDonald's anchor this commercial lot offering.; Lots are divisible to suit buyer needs.; Excellent location surrounded by new residential growth.
    (479) 271-4161
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    Lot 2 Hwy 62 Farmington, AR 72753
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    Farmington, AR 72753
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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
    Lot 2 Hwy 62 Farmington, AR 72753
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