974 Mccauley Dr West Memphis, AR 72301
- Land
- 14.48 lot acres
Current Use by Public Records
- Land
Property Details for 974 Mccauley Dr
- Lot size
- 14.48 lot acres
- Property type
- Land
Description
Exceptional investment opportunity in West Memphis, Arkansas, presents 14.48 acres of prime residential land zoned R-4. This property, encompassing two adjacent parcels (APN 363-416-000000, 363-417-000000), previously housed 180 residential units, now cleared and ready for development. Mayfair 1 comprises 9.65 acres, while Mayfair 2 offers 4.83 acres. The land is priced at $1,250,000, or $1.98 per square foot. Strategically located just 6.7 miles from Downtown Memphis, Tennessee, and one mile from the expanding Southland Casino, this site benefits from a robust job market fueled by major employers like Amazon, Baptist Memorial Hospital, and the casino itself. West Memphis's position at the "Crossroads of America," where Interstates 40 and 55 converge, ensures exceptional accessibility and high traffic volume. The city's unique location, boasting the only two major Mississippi River bridges between St. Louis and Vicksburg, Mississippi, further enhances its economic potential and attracts significant employment opportunities. This property offers substantial potential for a variety of residential developments, capitalizing on the area's growth and strategic location. The cleared lots provide a blank canvas for immediate construction, making this an attractive proposition for developers seeking a high-impact project in a thriving market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Memphis
- County
- Crittenden
- State
- Arkansas
- Longitude
- -90.1721
- Latitude
- 35.1597
