Property profile

4035 Dave Ward Dr Conway, AR 72034

OFF-MARKET
Land
87,120 SF 2 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Conway, Arkansas. Located at 4035 Dave Ward Drive, this property boasts approximately 2 to 5.65 acres of land zoned C-3, providing significant development potential. The asking price is $198,000, translating to $2.27 per square foot for the total 87,120 square feet. Additional acreage is available at $99,000 per acre, allowing for expansion opportunities. The property's strategic location within the Conway Marketplace shopping center, directly across from a Walmart-anchored retail center, ensures high visibility and accessibility. Its proximity to Conway's Tucker Creek Bicycle and Pedestrian Trail System further enhances its appeal. The C-3 zoning permits multifamily uses with conditional use approval, opening doors to a variety of development scenarios. This presents a chance to create a thriving commercial development or a walkable community neighborhood, aligning with new urbanism principles. Mineral rights are not included in the sale. This is an exceptional opportunity to acquire prime commercial land in a rapidly growing area.

Property profile

Verified
Property type Land
Total area 87,120 SF
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

4035 Dave Ward Dr Conway, AR 72034
Conway 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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