55 Frontage RdLonoke, AR 72086

Property Details for 55 Frontage Rd

Lot size

25.91 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,237,822

  6.5%

  $2,065,682

  7%

  $1,918,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,383,327

  Geo Method

  $2,383,327

• Alternative Use

  Use

  Valuation

  Residential

  $2,255,124

  Hospitality

  $2,065,682

  Educational

  $1,718,623

  Medical

  $1,777,729

  Retail

  $2,673,414

Location Insight

City

Lonoke

County

Lonoke

State

Arkansas

Latitude

34.8006

Longitude

-91.8877

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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