62 Lot 2 Hwy, Farmington, AR 72753
This exceptional 2-acre commercial land parcel presents a remarkable development opportunity in Prairie Grove, Arkansas. Strategically located on Highway 62, this property is situated within Prairie Grove's newest commercial corridor, boasting high visibility and accessibility. The asking price is $740,520, translating to a land value of $8.50 per square foot. The lot is currently designated for commercial use, aligning with the city's future land use plan. This prime location offers significant advantages, anchored by established businesses such as Casey's General Store, Taco Bell, and McDonald's, ensuring high traffic volume and consumer presence. The property's versatility is further enhanced by the possibility of subdividing the lot to accommodate various development needs, making it suitable for a range of commercial projects. The surrounding area is experiencing substantial growth, with new and developing residential subdivisions adding to the potential for increased demand and property value appreciation. Future plans for sewer availability across the entire acreage will further enhance the property's appeal and development potential, making it an ideal investment for discerning buyers seeking a prime location in a thriving commercial area. The address is Lot 2 W Hwy 62, Prairie Grove, AR 72753, within Washington County.
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
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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.