1200 Fresno St Fort Smith, AR 72903
This exceptional 8.4-acre parcel presents a remarkable investment opportunity in Fort Smith, Arkansas. Located at the highly visible corner of Towson Avenue and South Fresno Street, this cleared and level land boasts a strategic position within Sebastian County. The property's zoning designation, encompassing both C-5 and R-3 MF, unlocks a diverse range of development possibilities. Ideal for a warehouse facility, the C-5 zoning allows for a variety of commercial uses. Simultaneously, the R-3 MF zoning opens the door to the construction of a multi-family residential complex, catering to the growing housing demand in the area. The expansive lot size provides ample space for large-scale projects, offering significant potential for substantial returns. The address is 1200, 1304 S. Fresno St, Fort Smith, AR 72903. This prime location, combined with its flexible zoning and significant acreage, makes this property an attractive proposition for discerning investors seeking a high-impact development project. The asking price is $769,000. Don't miss this chance to acquire a substantial piece of land in a thriving Arkansas 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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.