Property profile

0 Tbd Hwy 62 Salem, AR 72576

OFF-MARKET
Land
11 ac lot
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Property summary

AI-generated overview

This exceptional 11-acre commercial property boasts prime highway frontage on Highway 62 East, near Salem, Arkansas, in Fulton County. The mostly open land presents significant development potential for various business ventures, capitalizing on its high-traffic location. A small seasonal creek adds a natural element to the landscape. Multiple building sites are available, suitable for commercial structures or even a home or cabin. The property's versatility extends to potential uses as a small hobby farm. Existing infrastructure includes on-site electricity, with rural water readily available. Conveniently located approximately 2.5 miles east of Salem, past the concrete plant, this property offers easy access and visibility. Its location in the Ozark region, near Lake Norfork, adds to its appeal. This is an ideal opportunity for entrepreneurs seeking a strategic location in North Central Arkansas for business development or a unique rural property investment. The asking price is $75,000. The property's zip code is 72576.

Property profile

Verified
Property type Land
Lot 11 ac (479,160 SF)

Cap rate & NOI

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

Location

Tbd Hwy 62 Salem, AR 72576
Salem 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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