Property profile

1501 S Bay St Pine Bluff, AR 71603

FOR SALE
Commercial real estate
Property ID
US05-0928789
1.76 ac lot Built 1963
Entity Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.77-acre residential land parcel, located at 1501 S Bay St in Pine Bluff, Arkansas, presents a compelling investment opportunity. Zoned for residential development, this property offers significant potential for new construction or redevelopment. The lot's generous size allows for a variety of project types, from single-family homes to potentially multi-family dwellings, subject to local zoning regulations. Utilities are readily available, with electricity and gas already connected at the property line, simplifying the development process and reducing initial infrastructure costs. Situated in Jefferson County, Arkansas, with a zip code of 71603, this location offers convenient access to local amenities and transportation networks. The property's address is clearly identified as 1501 S Bay St, Pine Bluff, AR 71603. The asking price for this remarkable development opportunity is $75,000. This represents a significant value proposition for developers seeking a prime location in a growing area. Given the existing utilities and the desirable residential zoning, this property is poised for immediate development, making it an attractive investment for both experienced and emerging developers. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel. Further due diligence is recommended to confirm zoning regulations and development possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1963
Lot 1.76 ac (76,796 SF)
APN 930-29392-000
UPID US05-0928789

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1501 S Bay St Pine Bluff, AR 71603
Pine Bluff metro Census 1300 PINE BLUFF, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2005
1 recorded transaction
2005
$37,060

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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