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    1150 Dave Ward Dr Conway, AR 72032

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    For Sale
    Contact for pricing

    12.71 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.71-acre commercial and industrial land parcel presents a remarkable development opportunity in Conway, Arkansas. Located at the highly visible, signalized intersection of Dave Ward Drive and South German Lane, this property boasts plentiful frontage and excellent visibility. Dave Ward Drive sees over 33,000 vehicles daily, while South German Lane experiences over 7,300, ensuring significant traffic exposure. The level topography and hard corner access simplify development. The site benefits from its strategic location within an Opportunity Zone, offering potential tax advantages. Surrounding the property are numerous national and regional retailers, including McDonald's, Krispy Kreme, and Starbucks, creating a strong retail synergy. Its proximity to the University of Central Arkansas (less than 1.2 miles, over 12,000 students) and Hendrix College (less than 3 miles) provides a substantial student population base. Furthermore, the property's location one mile west of I-40 (over 100,000 vehicles per day) offers easy access to major transportation routes. The property is zoned C-3 & I-3, allowing for a variety of development options. Conway's consistent economic growth and population increase make this a compelling investment opportunity in a thriving market. The area has seen significant development in the past decade, indicating a strong potential for future growth and return on investment.

    Property Features for 1150 Dave Ward Dr

    General Information

    Property type
    Land
    Lot Size
    553,648 SF

    HighLights

    • High‑visibility corner lot at Dave Ward Drive (33,000 VPD) and South German Lane (7,300 VPD).
    • Excellent frontage and visibility on Dave Ward Drive, accessible from both directions.
    • Located in an Opportunity Zone.
    • Strong co‑tenancy with national and regional retailers including McDonald's, Krispy Kreme, and Starbucks.
    • 1.2 miles (2‑minute drive) from the University of Central Arkansas (12,000+ students).
    • 1 mile west of I‑40 (100,000+ VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4396325
    Latitude
    35.0678802

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    FAQs

    What type of property is this?
    Land - 12.71 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 1150 Dave Ward Dr Conway, AR.
    What are key features of this property?
    This property features: High-visibility corner lot at Dave Ward Drive (33,000 VPD) and South German Lane (7,300 VPD).; Excellent frontage and visibility on Dave Ward Drive, accessible from both directions.; Located in an Opportunity Zone.
    Request Owner's contact information
    1150 Dave Ward Dr Conway, AR 72032
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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
    1150 Dave Ward Dr Conway, AR 72032
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