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