1967 Truckers DrFayetteville, AR 72704

Property Details for 1967 Truckers Dr

Year built

2014

Lot size

4.97 AC

Property size (Sq ft)

23,341 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

765-23604-002

APU

76523604002

Description

This 1.25-acre parcel of land is located at 1967 W Truckers, Fayetteville, AR, in the heart of Northwest Arkansas's booming economy. The property presents a unique investment opportunity in a region experiencing rapid growth and significant population expansion. Northwest Arkansas, encompassing Fayetteville, Bentonville, Rogers, and Springdale, is home to Walmart, Inc., the world's largest retailer, and boasts a dynamic and thriving business environment. This area is recognized as the fastest-growing multifamily market in the United States by percentage, indicating substantial future potential for development. The strategic location offers easy access to major transportation routes and amenities, making it ideal for a variety of commercial ventures. With the metro area projected to surpass 1 million residents by 2040, this property represents a compelling investment in a future-focused region. The land's size provides ample space for various development projects, catering to the increasing demand for commercial and residential properties in this high-growth area. This is a rare chance to acquire land in a location poised for continued expansion and prosperity. The asking price for this exceptional property is $558,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,988,898

  6.5%

  $1,835,906

  7%

  $1,704,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,920,019

  Geo Method

  $1,920,019

• Alternative Use

  Use

  Valuation

  Residential

  $2,328,924

  Hospitality

  $2,133,282

  Educational

  $1,774,865

  Medical

  $1,835,906

  Retail

  $2,760,902

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.1097

Longitude

-94.1872

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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