13504 Highway 16Shirley, AR 72153

Property Details for 13504 Highway 16

Year built

2006

Lot size

3.36 AC

Property size (Sq ft)

5,600 SF

Property type

Office properties

APN

0000-01662-0800

APU

16620800

Description

This exceptional 3.36-acre parcel of land presents a unique investment opportunity in the desirable Shirley, Arkansas area. Located at 13504 Hwy 16 East, this property offers significant potential for a variety of uses, making it an attractive prospect for both developers and individual investors. The expansive acreage provides ample space for numerous projects, allowing for creative vision and strategic development. Its strategic location along Highway 16 East ensures excellent visibility and convenient access to local amenities and transportation routes. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built property tailored to specific needs and preferences. This presents a blank canvas for a new commercial venture, a residential development, or even a combination of uses. The property's size and location make it a rare find in the Shirley market, offering a compelling opportunity to capitalize on the area's growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The asking price of $299,000 reflects the significant value and potential of this prime real estate. Detailed site surveys and environmental reports are available upon request. Don't miss this chance to acquire a substantial piece of land in a thriving Arkansas community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,041

  6.5%

  $1,181,576

  7%

  $1,097,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,576

  Geo Method

  $436,576

• Alternative Use

  Use

  Valuation

  Residential

  $1,465,155

  Hospitality

  $1,342,074

  Educational

  $1,116,590

  Medical

  $1,154,991

  Retail

  $1,736,917

Location Insight

City

Shirley

County

Van Buren

State

Arkansas

Latitude

35.6268

Longitude

-92.2789

Property Tax & Assessments

FAQs

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