0 31St St Fort Smith, AR 72903
This exceptional development opportunity presents multiple vacant lots totaling between 1.76 and 9.88 acres situated in a prime Fort Smith, Arkansas location. The property boasts high visibility on Highway 71 South, with Lots 5 and 6 strategically positioned on the corners of the well-lit intersection of Highway 71 South and South 31st Street. Lots 2 through 4 are conveniently located along South 31st Street. This advantageous location offers unparalleled access to major transportation arteries, being only 0.4 miles from Interstate 540 and a mere 0.7 miles from a Walmart Supercenter, ensuring high traffic volume and excellent exposure for any development. The flexibility of this offering extends to lot division, with the possibility of subdividing parcels into units as small as one acre, catering to a range of development projects. The land value ranges from $6 to $10 per square foot, with prices varying depending on lot size and location within the property. This presents a unique chance to acquire land in a thriving area with significant potential for commercial or residential development. The property is located in Sebastian County, Arkansas, with the address listed as Highway 71S & S. 31st St, Fort Smith, AR 72903.
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
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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.