Listed by Nabholz Properties Inc
$390,000
Crain's Subdivision Lot 5
Details
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 1.460
Zoning O-1
Land | 1.46 acres
Marketing description
This 1.46 acre lot is zoned O-1, would be ideal for a development that contained a mix of office, residential, and some retail uses which would be allowed under the Oak Street Ahead corridor plan that was adopted in March of 2023. In addition to the Oak Street Ahead plan, the Connect Conway Trail will be built within a half block of this lot. This property is also in an Opportunity Zone which adds to the benefit of developing this property.
This property is one block north of Highway 64 East and is across the street from Bob Courtway Middle School and is near the City of Colleges Park softball complex. It is also within a couple of hundred feet of the future Connect Conway Trail and 2 blocks from Conway Commons, a 600,000 square foot regional shopping center, with major tenants including Kohl's, Belk, Home Depot, Target, TJ Maxx, Pier 1 Imports, Petsmart, Old Navy, Chili's, TGI Friday's, Buffalo Wild Wings, Dick's Sporting Goods, and ChickfilA. This property is also close to Hendrix College and has easy access to Interstate 40.
Investment highlights
- Located in a Federal Designated Opportunity Zone
- Ideal for a Mixed Use Development as per the Oak Street Ahead Plan
- Located within a half block of the Connect Conway Trail
- Traffic Count on Oak Street - 34,000 VPD
Listing Contacts
Listed by Nabholz Properties Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
