Property summary
This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Located at 506 Center Street, this 0.66-acre lot offers significant potential for a variety of commercial ventures. The property's size provides ample space for development, allowing for flexibility in design and functionality. Its strategic location on Center Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The address is well-situated within Lonoke, offering proximity to local amenities and a growing community. This is a blank canvas for entrepreneurs and developers looking to establish a presence in a dynamic market. The asking price of $220,000 represents a compelling value for a property of this size and location in Lonoke. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is classified as "Other" in terms of property type, suggesting a wide range of potential uses subject to local zoning regulations. Further due diligence is recommended to determine the suitability for specific commercial projects. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly developing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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