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    1 State Highway 18 Manila, AR 72442

    Sponsored
    For Sale
    $260,000

    Prime 1-acre lot, Hwy 18, Manila, AR

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.01-acre commercial lot is strategically located on State Highway 18 in Manila, Arkansas. Its prime position offers high visibility and accessibility, benefiting from significant traffic volume along this busy thoroughfare. The property is ideally suited for a variety of commercial ventures, capitalizing on the robust growth experienced in the Manila area. The location presents a unique opportunity for businesses seeking exposure to a thriving community. Furthermore, the property's proximity to major industrial players, including Nucor and Big River Steel (less than 30 miles away), provides an added advantage for businesses seeking to serve or support these operations. The lot's size allows for substantial development, and there's even the possibility of acquiring an adjacent lot to expand the footprint for larger building projects or ample parking. This presents a compelling investment opportunity for developers and entrepreneurs looking to establish a strong presence in a dynamic and expanding market. The asking price for this exceptional property is $260,000. The property is classified as Special Purpose Land and is zoned for commercial use. The address is 1 State Hwy 18, Manila, AR 72442.

    Property Features for 1 State Highway 18

    General Information

    Property type
    Land
    Lot Size
    43,996 SF

    HighLights

    • $260,000 asking price.
    • 1.01‑acre commercial lot.
    • Located in Manila, AR, on State Highway 18.
    • High traffic location near Nucor and Big River Steel.
    • Potential to acquire adjacent lot for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Manila
    County
    Mississippi
    State
    Arkansas
    Longitude
    -90.1869644
    Latitude
    35.8714688

    Nearby Comparable

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    • $288,500
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    FAQs

    What type of property is this?
    Land - Prime 1-acre lot, Hwy 18, Manila, AR
    Where is this land located?
    The property is located at 1 State Highway 18 Manila, AR.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: $260,000 asking price.; 1.01-acre commercial lot.; Located in Manila, AR, on State Highway 18.
    Request Owner's contact information
    1 State Highway 18 Manila, AR 72442
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    Manila, AR 72442
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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
    1 State Highway 18 Manila, AR 72442
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