11172 Shumate Crossing Rd, Farmington, AR 72730
This exceptional 15-acre commercial property, located at 11172 Shumate Crossing Rd, Prairie Grove, AR 72730, presents a unique investment opportunity. Situated within Prairie Grove city limits and zoned A-1, this land offers a multitude of development possibilities. The property boasts mature hardwoods, open pastures, and a wet weather creek, attracting abundant wildlife. Imagine building an estate home, equestrian stables, event center, farmette, or public gardens on this stunning acreage. Existing structures on the site hold no value. The land measures approximately 1,319' x 1,320'. Utilities are readily accessible, with electricity already on-site and rural water available. The property benefits from its convenient location, offering easy access to Hwy 62 and proximity to I-49 (7 miles) and the University of Arkansas (15 minutes). Furthermore, it's situated near Prairie Grove Battlefield State Park and the Illinois River. This tract includes an existing well and septic system. The property is served by the Prairie Grove School District. Asking price is $895,000, representing a price per acre of $22,236. Don't miss this chance to acquire this remarkable piece of Arkansas land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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