974 Mccauley Dr West Memphis, AR 72301
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.
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
Similar Nearby for Lease
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.