1150 Dave Ward Dr, Conway, AR 72032
- Flex space
- 59,950 SF
- 17.53 lot acres
Current Use by Public Records
- Flex space
Property Details for 1150 Dave Ward Dr
- Lot size
- 17.53 lot acres
- Property type
- Flex space
- APN
- 710-08533-003I
- APU
- 71008533003I
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 5, 2023 | — | Dave Ward Stroage LLC | 501 Storage LLC | Special Warranty Deed | $11.1M · First Financial Bank |
| Jun 3, 2016 | — | Diamond State LLC | — | Deed · related | $1.5M · Centennial Bk |
| — | — | Diamond State LLC | — | Loan Modification · related | $1.5M · Centennial Bk |
Description
This exceptional 12.71-acre commercial and industrial land parcel presents a remarkable development opportunity in Conway, Arkansas. Located at the highly visible, signalized intersection of Dave Ward Drive and South German Lane, this property boasts plentiful frontage and excellent visibility. Dave Ward Drive sees over 33,000 vehicles daily, while South German Lane experiences over 7,300, ensuring significant traffic exposure. The level topography and hard corner access simplify development. The site benefits from its strategic location within an Opportunity Zone, offering potential tax advantages. Surrounding the property are numerous national and regional retailers, including McDonald's, Krispy Kreme, and Starbucks, creating a strong retail synergy. Its proximity to the University of Central Arkansas (less than 1.2 miles, over 12,000 students) and Hendrix College (less than 3 miles) provides a substantial student population base. Furthermore, the property's location one mile west of I-40 (over 100,000 vehicles per day) offers easy access to major transportation routes. The property is zoned C-3 & I-3, allowing for a variety of development options. Conway's consistent economic growth and population increase make this a compelling investment opportunity in a thriving market. The area has seen significant development in the past decade, indicating a strong potential for future growth and return on investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $470,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,032,000
Market price range: $292k - $1.40M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,015,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.4409
- Latitude
- 35.0683
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
