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    Lot 1 Hwy 62 Farmington, AR 72753

    Sponsored
    For Sale
    $784,080

    2-Acre Hwy 62 Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2-acre commercial land parcel, located at Lot 1 W Hwy 62 in Prairie Grove, Arkansas (zip code 72753), presents a compelling investment opportunity. Priced at $784,080, this property boasts a land value of $9 per square foot. Situated in Prairie Grove's burgeoning commercial corridor along Highway 62, this lot offers significant potential for development. The property is strategically positioned near established businesses including Casey's General Store, Taco Bell, and McDonald's, ensuring high visibility and convenient access for future businesses. Multiple lot configurations are available, providing flexibility to suit diverse development plans. The city's future land use plan designates this area for commercial zoning, ensuring a clear path for development. Furthermore, the property benefits from its proximity to new and developing residential subdivisions, creating a strong potential customer base. Future plans include the extension of sewer services to the full acreage, enhancing the property's utility and appeal to a wide range of commercial ventures. This is a rare chance to acquire a prime commercial lot in a rapidly growing area of Northwest Arkansas. Don't miss this opportunity to capitalize on the thriving commercial landscape of Prairie Grove.

    Property Features for 0 Lot 1 Hwy 62

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre commercial lot in Prairie Grove, AR (72753) listed at $784,080, $9/SF.
    • High‑visibility location on Hwy 62, near Casey's, Taco Bell, and McDonald's.
    • Flexible lot configurations available; can be subdivided.
    • Surrounded by new residential subdivisions, strong potential customer base.
    • Future sewer extension 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
    -94.29920799
    Latitude
    35.97664463

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    FAQs

    What type of property is this?
    Land - 2-Acre Hwy 62 Development Opportunity
    Where is this land located?
    The property is located at Lot 1 Hwy 62 Farmington, AR.
    What is the asking price?
    The asking price for this property is $784,080.
    What are key features of this property?
    This property features: 2-acre commercial lot in Prairie Grove, AR (72753) listed at $784,080, $9/SF.; High-visibility location on Hwy 62, near Casey's, Taco Bell, and McDonald's.; Flexible lot configurations available; can be subdivided.
    (479) 271-4161
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    Lot 1 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 1 Hwy 62 Farmington, AR 72753
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