00 Cole Rd Lonoke, AR 72086
This exceptional 4.55-acre parcel of land presents a unique investment opportunity in Lonoke County, Arkansas. Located on Cole Road near the towns of Scott and Lonoke, this property boasts a level, cleared terrain, ideal for a variety of commercial agricultural uses. The land is zoned Agricultural, offering flexibility for potential development. The property is conveniently situated within the Lonoke School District. Detailed directions are available: Take a slight right onto US-70 West for 1.3 miles, then keep left onto AR-31 South for 3.1 miles. Turn right onto Bevis Road (0.8 miles), then left onto Cole Road (2.4 miles). Continue straight on Cole Road to reach the property. An existing survey is available. The annual property tax is $216 (2024). The property is described as Metes & Bounds, and the legal description is available upon request. This is a vacant land offering, perfect for those seeking a sizable plot in a desirable Arkansas location. The asking price is $25,000. Don't miss this chance to acquire this versatile commercial acreage.
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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