62 Lot 6 Hwy, Farmington, AR 72753
This exceptional 9.53-acre commercial land parcel presents a remarkable investment opportunity in Prairie Grove, Arkansas. Strategically located on Highway 62, this property is situated within Prairie Grove's burgeoning new commercial corridor, boasting high visibility and accessibility. The asking price is $3,321,014, translating to $8 per square foot. The land is currently designated for commercial use, aligning with the city's future land use plan. This versatile property offers multiple lot configuration possibilities, catering to a wide range of development projects. Its prime location is further enhanced by its proximity to established businesses such as Casey's General Store, Taco Bell, and McDonald's, ensuring strong anchor tenants and high foot traffic. The property's potential is amplified by its surrounding new and developing residential subdivisions, guaranteeing a robust customer base. Future plans include the extension of sewer services to the entire acreage, adding significant value and utility for future development. This is an unparalleled chance to acquire a substantial tract of land in a rapidly growing area, poised for significant appreciation. The address is Lot 6 W Hwy 62, Prairie Grove, AR 72753, within Washington County. Don't miss this exceptional opportunity to secure a piece of Prairie Grove's thriving commercial landscape.
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.