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    Tracts A & B Hwy 62 & Hogeye Rd Prairie Grove, AR 72753

    Sponsored
    For Sale
    Contact for pricing

    23 Acres, High-Traffic Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 23-acre commercial land parcel presents a unique investment opportunity in Prairie Grove, Arkansas. Strategically located at the four-way lighted intersection of Highway 62 and Hogeye Road, this property boasts approximately 1,314 feet of Highway 62 frontage, experiencing a daily traffic count of 8,700 vehicles. The land is cleared and level, offering immediate development potential. Utilities are readily available, with water and electricity on-site and sewer access across the highway. Its versatile nature allows for subdivision to accommodate various development plans, making it ideal for commercial, multi-family, or residential projects. The property's prime location offers easy access to surrounding areas, situated just 7 miles from Farmington and 10 miles from Interstate 49, ensuring excellent connectivity and visibility. The land is priced at $3.75 to $4.25 per square foot, reflecting its exceptional location and development potential within a town experiencing significant commercial and residential growth. This is a rare opportunity to acquire a substantial tract of land in a thriving Arkansas community. The property's size and location make it an attractive investment for developers seeking a high-impact project in a rapidly growing market.

    Property Features for 0 Tracts A & B Hwy 62 & Hogeye Rd

    General Information

    Property type
    Land
    Lot Size
    1,001,880 SF

    HighLights

    • 23‑acre cleared and level commercial lot at the signalized intersection of Hwy 62 and Hogeye Rd.
    • Subdividable lot.
    • On‑site water and electricity; sewer access across Hwy 62.
    • 1,314 feet of Hwy 62 frontage with 8,700 cars per day.
    • Suitable for commercial, multi‑family, or residential development.
    • 7 miles to Farmington; 10 miles to I‑49.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prairie Grove
    County
    Washington
    State
    Arkansas
    Longitude
    -94.3182674
    Latitude
    35.9635875

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    FAQs

    What type of property is this?
    Land - 23 Acres, High-Traffic Location, Development Ready
    Where is this land located?
    The property is located at Tracts A & B Hwy 62 & Hogeye Rd Prairie Grove, AR.
    What are key features of this property?
    This property features: 23-acre cleared and level commercial lot at the signalized intersection of Hwy 62 and Hogeye Rd.; Subdividable lot.; On-site water and electricity; sewer access across Hwy 62.
    (479) 271-4161
    Request Owner's contact information
    Tracts A & B Hwy 62 & Hogeye Rd Prairie Grove, 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
    Tracts A & B Hwy 62 & Hogeye Rd Prairie Grove, AR 72753
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