221 German LnConway, AR 72032

Property Details for 221 German Ln

Lot size

1.64 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

710-07997-104

APU

71007997104

Description

This exceptional 1.6-acre property located at 221 German in Conway, Arkansas presents a unique investment opportunity. The land offers significant potential for a variety of uses, given its size and prime location within Conway. The property is categorized as "Other," indicating its versatility and suitability for creative development plans. The asking price is $449,000, representing a compelling entry point into the Conway real estate market. While the square footage of any existing structures is not currently specified, the substantial acreage provides ample space for future construction or expansion. The property's location in Conway offers easy access to local amenities, transportation routes, and the vibrant community atmosphere. Prospective buyers are encouraged to conduct their own due diligence to explore the full range of development possibilities. This is a rare chance to acquire a significant land parcel in a thriving Arkansas city. The absence of specified building details allows for maximum flexibility in planning and design. Serious inquiries are welcome to explore this exciting opportunity further. The property's size and location make it an attractive proposition for investors seeking long-term growth potential in a dynamic market. Further information regarding zoning and permitted uses can be obtained through the appropriate city channels. This is an exceptional opportunity to acquire a substantial land holding in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $700,967

  6.5%

  $647,047

  7%

  $600,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,767

  Geo Method

  $540,767

• Alternative Use

  Use

  Valuation

  Residential

  $545,808

  Hospitality

  $499,957

  Educational

  $415,958

  Medical

  $430,264

  Retail

  $647,047

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0788

Longitude

-92.4021

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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