0 Tracts A & B Hwy 62 & Hogeye Rd Prairie Grove, AR 72753
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.