Highway 278 Monticello, AR 71655
- Land
- 173.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Highway 278
- Lot size
- 173.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Drew
- State
- Arkansas
- Longitude
- -91.7128
- Latitude
- 33.6347
