306 Black Oak AveSpringdale, AR 72764

This exceptional 4.77-acre parcel in Springdale, Arkansas, presents a unique development opportunity within an Opportunity Zone. Currently zoned SF2, the property boasts an enviable location in the heart of Washington County, offering easy access to I-49 and proximity to two apartment complexes, upscale homes, and the Springdale Country Club. The existing structures on the property are considered to have no value. The site's strategic position provides convenient access to the Razorback Greenway trails, Lake Fayetteville, a variety of shopping and dining options, the Springdale Country Club, and major employers including Tyson Foods World Headquarters, the University of Arkansas, Walmart World Headquarters, and J.B. Hunt Transport Services World Headquarters, as well as area hospitals. A buyer is in the process of changing the zoning to MF12, opening possibilities for a variety of high-density residential projects. Potential development scenarios include upscale townhouses, garden homes, or a gated community of luxury estate homes, all aligning with the city's objectives for higher-density housing in this exclusive neighborhood. The site is also suitable for the creation of 5 to 7 half-acre luxury estate homes within a gated community. The property is not located within a flood zone. This is an exceptional opportunity to capitalize on the strong demand for high-end and mid-level housing in this desirable area. The asking price is $835,000.