511 Co Rd Brookland, AR 72437
This exceptional 16.5-acre property in Lake City, Arkansas, presents a unique blend of rural tranquility and urban convenience. Located near Jonesboro, this land offers easy access to the city's amenities, including NEA Baptist Hospital, Arkansas State University, and the Jonesboro Industrial Park – recently expanded with a new Amazon distribution hub. The property boasts CR 954 frontage, providing convenient access. Existing infrastructure includes on-site rural water and electricity. The land itself is a mix of wooded and pasture areas, offering versatility for various uses. Importantly, there are no known restrictions, homeowner's associations (HOAs), or building covenants associated with this property. Its proximity to Jonesboro's municipal airport further enhances its appeal. This is a prime opportunity for investors seeking a versatile property with significant potential, combining the peace of a country setting with the advantages of a thriving city and industrial area just minutes away. The asking price is $129,000, translating to approximately $7,818.18 per acre.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.