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    1005 Fannie Dr Conway, AR 72034

    For Sale
    $595,908

    1.14 Acres, C-3 Zoning, $595,908

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.14-acre commercial lot is ideally situated at 1005 Fannie Dr. in Conway, Arkansas, zip code 72034. Boasting a prime location just off Dave Ward Drive, this property presents a unique investment opportunity. The land is zoned C-3, offering a wide range of potential commercial uses. The asking price is $595,908, translating to a land value of $7.50 per square foot. This Faulkner County property is owned by Covington Sturgis Rd Complex LLC and presents a blank canvas for developers and investors seeking a strategic foothold in a thriving Arkansas market. The convenient location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. Detailed site plans and zoning information are readily available upon request. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land parcel. The property's address is precisely 1005 Fannie Dr., Conway, AR 72034, with GPS coordinates 35.0632126 latitude and -92.4373014 longitude. This represents a rare opportunity to acquire a well-positioned commercial lot in a growing area.

    Property Features for 1005 Fannie Dr

    General Information

    Property type
    Land
    Lot Size
    49,658 SF

    HighLights

    • $595,908 asking price.
    • 1.14‑acre commercial land parcel.
    • C‑3 zoning.
    • $7.50/SF land value.
    • Located at 1005 Fannie Dr, Conway, AR 72034.
    • Owned by Covington Sturgis Rd Complex LLC.
    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
    -92.4373014
    Latitude
    35.0632126

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    FAQs

    What type of property is this?
    Land - 1.14 Acres, C-3 Zoning, $595,908
    Where is this land located?
    The property is located at 1005 Fannie Dr Conway, AR.
    What is the asking price?
    The asking price for this property is $595,908.
    What are key features of this property?
    This property features: $595,908 asking price.; 1.14-acre commercial land parcel.; C-3 zoning.
    (501) 329-3357
    Request Owner's contact information
    1005 Fannie Dr 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
    1005 Fannie Dr Conway, AR 72034
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