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    OFF-MARKET
    Land

    62 Tracts B Hogeye Rd & Hwy, Prairie Grove, AR 72753

    11.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.5-acre commercial land tract presents a remarkable investment opportunity in Prairie Grove, Arkansas. Strategically located at the four-way lighted intersection of Highway 62 and Hogeye Road, this property boasts approximately 1,314 feet of Highway 62 frontage, experiencing a daily traffic count of 8,700 vehicles. The cleared and level lots offer immediate access to utilities, with water and electricity already on-site and sewer readily available across the highway. Its versatile zoning allows for a variety of uses, including commercial, multi-family, and residential development. The property's prime location offers easy access to neighboring Farmington (7 miles) and Interstate 49 (10 miles), ensuring high visibility and convenient connectivity. The asking price is $1,878,525, translating to a land value of $3.75 per square foot. Given the significant commercial and residential growth in Prairie Grove, this property presents a unique chance to capitalize on a thriving market. The flexibility to subdivide the land as needed further enhances its appeal to developers seeking to maximize their investment. This is a rare opportunity to acquire a substantial parcel of land in a rapidly expanding area with excellent infrastructure and high traffic volume. Don't miss this chance to secure a prime location for your next project.

    Property profile
    Verified
    Property type Land
    Lot 11.5 ac (500,940 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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