Property profile

62 Lot 2 Hwy Farmington, AR 72753

OFF-MARKET
Land
2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)

Cap rate & NOI

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

Location

62 Lot 2 Hwy Farmington, AR 72753
Farmington 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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