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    245 & Hwy 82 Texarkana, AR 71854

    Sponsored
    For Sale
    $6,364,116

    24 Acres, Prime Location, 8 Lots Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 24.35-acre commercial land parcel presents a unique investment opportunity in a thriving area of Texarkana, Arkansas. Strategically located at the intersection of Loop 245 and Highway 82 East, this property offers unparalleled access and visibility. The land is divided into eight separately developable lots, ranging in size from 1.23 acres to 8.73 acres, providing flexibility for various development scenarios. All utilities are readily available, simplifying the construction process. The property's prime location boasts proximity to key infrastructure and businesses, including the Texarkana Regional Airport (approximately 1.5 miles away) and the Cooper Tire Manufacturing Facility (approximately 0.75 miles away). This makes it ideal for a wide range of commercial ventures, such as restaurants, hotels, fuel stations, retail establishments, banking facilities, or office complexes. The area is experiencing significant growth, further enhanced by the nearing completion of I-49 (I-549), promising increased traffic and accessibility. The asking price is $6,364,116, with land value ranging from $4 to $7 per square foot. This presents a compelling opportunity to capitalize on the burgeoning commercial landscape of Texarkana, Arkansas, in a location poised for continued expansion and prosperity. Miller County location and 71854 zip code.

    Property Features for 245 & Hwy 82

    General Information

    Property type
    Land
    Lot Size
    1,060,686 SF

    HighLights

    • 8 developable lots, 1.23 to 8.73 acres each.
    • All utilities available; located in a high‑growth area of Texarkana, AR.
    • 1.5 miles from Texarkana Regional Airport; 0.75 miles from Cooper Tire.
    • Ideal for restaurants, hotels, fuel stations, retail, banking, and office buildings.
    • Enhanced accessibility with nearing completion of I‑49 (I‑549).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Auto Repair Shop Kitchen & Bath Garden Center Computer & Electronic Repair Tech Support Center Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -93.8858955
    Latitude
    33.444928

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    FAQs

    What type of property is this?
    Land - 24 Acres, Prime Location, 8 Lots Available
    Where is this land located?
    The property is located at 245 & Hwy 82 Texarkana, AR.
    What is the asking price?
    The asking price for this property is $6,364,116.
    What are key features of this property?
    This property features: 8 developable lots, 1.23 to 8.73 acres each.; All utilities available; located in a high-growth area of Texarkana, AR.; 1.5 miles from Texarkana Regional Airport; 0.75 miles from Cooper Tire.
    Request Owner's contact information
    245 & Hwy 82 Texarkana, AR 71854
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    Texarkana, AR 71854
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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
    245 & Hwy 82 Texarkana, AR 71854
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