1850 Hamilton Rd Lonoke, AR 72086

Property Details for 1850 Hamilton Rd

Lot size

700.00 lot acres

Property type

Commercial real estate

Description

This exceptional 700-acre property in Lonoke County, Arkansas, presents a unique investment opportunity. Approximately 542.6 acres are tillable farmland, meticulously precision-leveled and fully irrigated by surface water from a 100-acre reservoir connected to Bayou Meto. The irrigation system features two relift pumping stations and underground pipelines. The farm boasts a consistent history of strong crop production. Beyond agriculture, the property offers significant recreational potential, with abundant wildlife providing excellent hunting and fishing opportunities, historically generating supplemental commercial income. Conveniently located off Highway 89 near the new Lonoke I-40 interchange, the farm is easily accessible. On-site improvements include a grain bin facility with a loop delivery system, Mettler Toledo scales, a concrete grain pit, two 26,000-bushel bins, one 10,000-bushel bin, and two 7,500-bushel bins. Two tenant houses (1,384 sq ft and 1,120 sq ft) are also present, along with two pole barns (60' x 64' and 30' x 96') for equipment storage. The property is currently leased on a 75/25 crop-share basis, with the lease expiring December 31, 2023. Note that the seller will retain approximately 140 acres and a 4,800 sq ft metal farm shop, which will be available to the farm tenant. A survey is required to finalize the legal description of the acreage conveyed in the sale. The asking price is $5,250,000.