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    OFF-MARKET
    Land

    62 Lot 6 Hwy, Farmington, AR 72753

    9.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 9.53 ac (415,127 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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