0 Plafcan Rd Carlisle, AR 72024
This exceptional 80-acre commercial land parcel, known as the Plafcan North Farm, presents a compelling investment opportunity in Lonoke County, Arkansas. Situated just north of Carlisle, this property boasts approximately 76 acres of highly productive cropland, classified as Class II soil. The land's versatility is evident in its historical use for cultivating corn, rice, and soybeans. Currently, the tillable acreage is leased under a 75/25 net crop share agreement with Don Kittler Farms, providing a consistent income stream. Irrigation is facilitated by a well located on an adjacent property. Convenient access is ensured via Fred Koch Road, a county-maintained gravel road. The asking price for this prime agricultural investment is $452,000. The property's location is 34.8050376 latitude, -91.7783358 longitude, with the address listed as Plafcan Rd, Carlisle, AR 72024. This offering represents a rare chance to acquire a substantial, income-producing tract of fertile Arkansas farmland. The property is zoned for commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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