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    1240 2Nd St Cabot, AR 72023

    Sponsored
    For Sale
    $149,000

    3.6-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.6-acre commercial land parcel presents a significant development opportunity in Cabot, Arkansas. Located at 1240 N. Second St., Lot A, 72023, this property boasts 415 feet of frontage on the corner of Polk Street and Highway 367/N Second Street, offering excellent visibility and accessibility. Situated conveniently between Cabot and Austin, the land enjoys quick access to major thoroughfares including Highway 67/167, Highway 38, and Main Street. The mostly level terrain is serviced by readily available city utilities, making development straightforward. This location is ideal for a variety of commercial ventures, including large-scale commercial projects, light industrial uses, or service-based businesses. Nearby commercial establishments include a Harps Food Store, Cabot National Guard Armory, Hardee's, and Big Red, indicating a thriving commercial environment. The property's strategic location and ample size make it a highly attractive investment. Note that an additional 21.02 acres are available, and the seller is willing to divide the land to meet the buyer's specific requirements. The asking price for this exceptional opportunity is $149,000, with a land value of $0.95 per square foot.

    Property Features for 1240 2Nd St

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    HighLights

    • $149,000 asking price for 3.6 acres of commercial land.
    • Located in Cabot, AR at 1240 N. Second St., Lot A, 72023.
    • High visibility corner lot with 415' of frontage on Polk St & Hwy 367/N Second St.
    • Excellent access to major highways (Hwy 67/167, Hwy 38, & Main Street).
    • Level lot with city utilities available; suitable for large commercial, light industrial, or service businesses.
    • Additional 21.02 acres available; seller will consider dividing the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.0080231
    Latitude
    34.9828613

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    FAQs

    What type of property is this?
    Land - 3.6-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 1240 2Nd St Cabot, AR.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: $149,000 asking price for 3.6 acres of commercial land.; Located in Cabot, AR at 1240 N. Second St., Lot A, 72023.; High visibility corner lot with 415' of frontage on Polk St & Hwy 367/N Second St.
    (501) 843-1515
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    1240 2Nd St Cabot, AR 72023
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    Cabot, AR 72023
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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
    1240 2Nd St Cabot, AR 72023
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