1111 Highway 318 Marvell, AR 72366
- Land
- 2,311.00 lot acres
Current Use by Public Records
- Land
Property Details for 1111 Highway 318
- Lot size
- 2,311.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 2,311-acre agricultural property in Phillips County, Arkansas, presents a unique investment opportunity. Located approximately 7.5 miles south of Marvell, near the Walnut Corner and Gobel communities, this expansive tract offers convenient access via paved county roads. An estimated 2,032 acres (88.5%) are currently in production, with 1,829 acres (90%) benefiting from irrigation. Ten pivots irrigate roughly 802 acres, while the remaining irrigated land is suited for row irrigation. The property comprises three groups of tracts, all situated on or near paved roads. The diverse soil composition, including Loring, Memphis, Falaya, and Calloway silt loam, supports a variety of crops such as cotton, corn, soybeans, rice, and wheat. The NCCPI soil rating ranges from 57.53 to 70.92 across the different tracts. The rarity of finding nearly 2,300 contiguous acres makes this a truly exceptional offering. The asking price for this significant agricultural holding is $15,250,000. The property is zoned for agricultural use.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marvell
- County
- Phillips
- State
- Arkansas
- Longitude
- -90.9586
- Latitude
- 34.4696
