62 Lot 1 Hwy Farmington, AR 72753
This exceptional 2-acre commercial land parcel, located at Lot 1 W Hwy 62 in Prairie Grove, Arkansas (zip code 72753), presents a compelling investment opportunity. Priced at $784,080, this property boasts a land value of $9 per square foot. Situated in Prairie Grove's burgeoning commercial corridor along Highway 62, this lot offers significant potential for development. The property is strategically positioned near established businesses including Casey's General Store, Taco Bell, and McDonald's, ensuring high visibility and convenient access for future businesses. Multiple lot configurations are available, providing flexibility to suit diverse development plans. The city's future land use plan designates this area for commercial zoning, ensuring a clear path for development. Furthermore, the property benefits from its proximity to new and developing residential subdivisions, creating a strong potential customer base. Future plans include the extension of sewer services to the full acreage, enhancing the property's utility and appeal to a wide range of commercial ventures. This is a rare chance to acquire a prime commercial lot in a rapidly growing area of Northwest Arkansas. Don't miss this opportunity to capitalize on the thriving commercial landscape of Prairie Grove.
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
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.