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    980 Fannie Dr Conway, AR 72034

    Sponsored
    For Sale
    $533,184

    1.02-Acre C-3 Zoned Lot, $533,184

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.02-acre commercial lot presents a prime investment opportunity in Conway, Arkansas. Located at 980 Fannie Dr., this property boasts a highly desirable C-3 zoning designation, opening doors to a wide array of commercial development possibilities. The land is conveniently situated just off Dave Ward Drive, ensuring excellent visibility and accessibility. Priced at $533,184, this represents a land value of $7.50 per square foot. The property's ownership is held by Covington Sturgis Rd Complex LLC. Its location in Faulkner County, Arkansas, zip code 72034 (35.0639041, -92.4366068), offers easy access to local amenities and transportation routes. The expansive lot size provides ample space for various commercial ventures, making it an ideal canvas for entrepreneurs and investors seeking a strategic foothold in a thriving Arkansas market. The C-3 zoning allows for a diverse range of commercial uses, providing flexibility and potential for significant return on investment. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area. Don't miss out on this chance to secure a valuable asset in a dynamic commercial landscape. Serious inquiries are encouraged.

    Property Features for 980 Fannie Dr

    General Information

    Property type
    Land
    Lot Size
    44,431 SF

    HighLights

    • 1.02‑acre commercial lot in Conway, AR, priced at $533,184 ($7.50/SF).
    • Highly desirable C‑3 zoning allows for diverse commercial uses.
    • Located at 980 Fannie Dr., offering excellent visibility and accessibility off Dave Ward Drive.
    • Owned by Covington Sturgis Rd Complex LLC, in Faulkner County, AR (Zip 72034).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4366068
    Latitude
    35.0639041

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    FAQs

    What type of property is this?
    Land - 1.02-Acre C-3 Zoned Lot, $533,184
    Where is this land located?
    The property is located at 980 Fannie Dr Conway, AR.
    What is the asking price?
    The asking price for this property is $533,184.
    What are key features of this property?
    This property features: 1.02-acre commercial lot in Conway, AR, priced at $533,184 ($7.50/SF).; Highly desirable C-3 zoning allows for diverse commercial uses.; Located at 980 Fannie Dr., offering excellent visibility and accessibility off Dave Ward Drive.
    (501) 329-3357
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    980 Fannie Dr Conway, AR 72034
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    Conway, AR 72034
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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
    980 Fannie Dr Conway, AR 72034
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