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    FOR SALE
    Commercial real estate

    1501 S Bay St, Pine Bluff, AR 71603

    1.76 ac lot Built 1963
    Entity Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-0928789
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jefferson Healthcare INC · 21 yrs held
    Jefferson Healthcare INC
    since 2005
    1 recorded transaction
    2005
    $37,060
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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