Property details

MOTIVATED OWNER - MAKE OFFER! Arkansas Development Land For Sale, Southeast Region

Property Description



Arkansas Development Land For Sale

Motivated Seller.

Motivated Seller!

Highest and best use may be to build Student Housing Units. There is a major State University with an enrollment of 11,500 students right down the road from this property. 95% of the students have vehicles of their own and prefer to live off campus and as matter of fact these properties adjoin an apartment complex built by an alumni of the same University that is 90% occupied by the University students!

Owner selling for personal reasons.

There are a total of 3 colleges a short distance away from this property.

• Two Prime Arkansas Development Sites

• Prime For Multifamily or Retail Commercial Development

• Located in the fastest growing area in Arkansas

• Located very close to where a new mid-sized airport has recently broken ground!

• 18 acres and 20 acres - side by side. 38 acres total

• Owned by one family.

• The 20-acre site is zoned apartment the other 18-acre site is zoned commercial. The properties sit at a major corner of a major Highway and another major roadway. The owners feel there would be no problem obtaining an apartment zoning for the 18-acre site.

• Located in a city where major computer manufacturing companies have located, a large Energy company and, where natural gas found in shale is attracting loads of population.

• The city has 3 colleges.

• building a good size airport - mid size

• Priced at only $100k per acre ($3.8 million)

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Highlights

Status:
Available
Price:
$3,800,000
 

Property Information

Property Type:
Apartments
Industry Type:
Land
Land Area:
38.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.