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Property profile

0 Highway 278 Monticello, AR 71655

OFF-MARKET
Land
173 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 173 acres of land in Monticello, Arkansas, strategically located along Highway 278. This property boasts 2000 feet of highway frontage, providing unparalleled visibility and access, ideal for various development projects. Its prime location, just 1.5 miles from the intersection of Highways 425 and 278 and a quarter mile from the new loop connecting Highway 278 to the Drew County Regional Medical Center, ensures easy access to essential amenities. The property is minutes from Wal-Mart and other shopping and dining options. Currently featuring a thriving pine plantation, this land offers potential income from timber harvesting, while also providing a serene setting for residential development. The proximity to the University of Arkansas Monticello adds to the area's appeal, creating a vibrant and desirable community. This versatile property presents a unique chance to capitalize on the growth and development potential of Monticello, Arkansas. The land's size and location make it suitable for a variety of uses, from commercial ventures to residential estates. The existing pine plantation adds significant value and provides immediate income potential. This is a rare opportunity to acquire a substantial parcel of land in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 173 ac (7,535,880 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highway 278 Monticello, AR 71655
Monticello metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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