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

    Sponsored
    For Sale
    $1,878,525

    11.5 Acres, Hwy 62 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11.5-acre commercial land tract presents a remarkable 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 cleared and level lots offer immediate access to utilities, with water and electricity already on-site and sewer readily available across the highway. Its versatile zoning allows for a variety of uses, including commercial, multi-family, and residential development. The property's prime location offers easy access to neighboring Farmington (7 miles) and Interstate 49 (10 miles), ensuring high visibility and convenient connectivity. The asking price is $1,878,525, translating to a land value of $3.75 per square foot. Given the significant commercial and residential growth in Prairie Grove, this property presents a unique chance to capitalize on a thriving market. The flexibility to subdivide the land as needed further enhances its appeal to developers seeking to maximize their investment. This is a rare opportunity to acquire a substantial parcel of land in a rapidly expanding area with excellent infrastructure and high traffic volume. Don't miss this chance to secure a prime location for your next project.

    Property Features for 0 Tracts B Hogeye Rd & Hwy 62

    General Information

    Property type
    Land
    Lot Size
    500,940 SF

    HighLights

    • 11.5‑acre commercial land tract at the signalized intersection of Hwy 62 and Hogeye Rd in Prairie Grove, AR.
    • Subdividable lots.
    • Water and electric on‑site; sewer nearby.
    • 1,314 feet of Hwy 62 frontage with 8,700 cars per day.
    • Suitable for commercial, multi‑family, and residential development.
    • 7 miles to Farmington and 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 - 11.5 Acres, Hwy 62 Frontage
    Where is this land located?
    The property is located at Tracts B Hogeye Rd & Hwy 62 Prairie Grove, AR.
    What is the asking price?
    The asking price for this property is $1,878,525.
    What are key features of this property?
    This property features: 11.5-acre commercial land tract at the signalized intersection of Hwy 62 and Hogeye Rd in Prairie Grove, AR.; Subdividable lots.; Water and electric on-site; sewer nearby.
    (479) 271-4161
    Request Owner's contact information
    Tracts B Hogeye Rd & Hwy 62 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 B Hogeye Rd & Hwy 62 Prairie Grove, AR 72753
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