55 Frontage Rd Lonoke, AR 72086
- Motels
- 13,009 SF
- 25.91 lot acres
Current Use by Public Records
- Motels
Property Details for 55 Frontage Rd
- Lot size
- 25.91 lot acres
- Property size
- 13,009 SF
- Property type
- Motels
- APN
- 781-90101-000
- APU
- 78190101000
Description
This exceptional 25.91-acre commercial land parcel presents a unique investment opportunity in Lonoke, Arkansas. Strategically located off I-40 Exit 175, this C-2 zoned property boasts a high-traffic location with daily vehicle counts estimated between 37,000 and 40,000. The asking price of $1,960,200 is based on approximately 12 usable acres. The property's history includes a motel and restaurant, suggesting diverse development potential. While a portion of the land lies within a floodplain, the significant acreage and prime location offer substantial upside for various commercial ventures. This property is also available for lease under negotiable terms, providing flexibility for potential buyers or tenants. The property's address is 55 Frontage Road, Lonoke, AR 72086, in Lonoke County. This is an excellent opportunity to capitalize on the high visibility and convenient access provided by this exceptional location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $170,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $155,000
- Mixed-Use
- $150,000
- Hospitality
- $185,000
- Educational
- $190,000
- Residential Income
- $195,000
- Energy
- $155,000
- Income-Based Land
- $155,000
- Food Service
- $155,000
Location Insight
- Map
- Local Demand
- City
- Lonoke
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.8877
- Latitude
- 34.8006
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA