See Home Value
$685,946*
● Land - Off Market

Off Hoffman ST

Pea Ridge, AR
bedrooms
Studio
bathrooms
0 Bath
$585,000 - $715,000
Reference Base Price*
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This 4.32 acres in the middle of Pea Ridge is prime for an amazing multifamily development opportunity or take it in your own direction with your own vision.  City planning has approved the plans for multi-family. This property was previously a horse pasture and is currently vacant land. The property was landlocked until earlier in 2021 when the city put in a connecting road at Patton st. /Hazelton Rd so it will soon become the new East/West corridor for city traffic. Rezoned to R-2 Multifamily in September of 2021 and survey and soil test completed in 2022.  Property has all of the major connections (water, sewer, electric) on-site or nearby. Property owner has completed engineering and architectural plans for 6 Quad Plexes (3 bedroom, 3 bath, 1 car garage, 1300 sq. ft- see sketch renderings in pics.) or the property could fit a small neighborhood of single family residences.  Pea Ridge is outgrowing its current rental market, and the opportunity for success in multifamily is extremely high.
Unit Size
-
Days on Market
-
Land Size
4.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Price History

Date / Event Date Event Price
Nov 3, 2022 No longer available -
No longer available
Sep 23, 2022 Relisted $650,000
Relisted
Jul 15, 2022 No longer available -
No longer available
May 23, 2022 Listed $650,000
Listed

Property Highlights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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