1009 Southwest Parnell Drive
Directly across from the Bentonville Municipal (Thaden Field) Airport in Bentonville, Arkansas!
Marketing description
The property is zoned residential now R1- The R-1 zoning district. Highest and best use for the property:1) Multifamily Residential -Bentonville’s rapid population growth & housing demand make multifamily the most viable use. Mid-density apartments or townhomes could be potential use for this prime acreage. 2) Retirement / Senior Living Community: Bentonville is positioning itself as a lifestyle hub, with healthcare and recreation nearby. Airport access is convenient for visiting family and medical travel. While residential is the best use, small-scale commercial (medical offices, convenience retail) could complement housing. Airport adjacency may support aviation-related services, zoning favors residential. Strategic Property is located in Bentonville's Growth Zone and accessible off of I street entrance to property, right across from the Bentonville Airport. Traffic Count on I Street is 17,000 daily. Access on I street-50' easement access, however no current access from I street. Value of the property is the land.
Investment highlights
- Prime development opportunity in the heart of rapidly growing Bentonville positioned directly across from Bentonville Municipal Airport
- Strategic location within Bentonville’s designated growth corridor with strong long-term appreciation potential
- Zoned R-1 Residential with strong future redevelopment upside for residential density opportunities
- Highest and best use supports multifamily residential development including apartments, townhomes, or build-to-rent communities
- Ideal site for retirement or senior living community with convenient access to healthcare, recreation, and regional transportation
- Exceptional accessibility with proximity to I Street and immediate connectivity to major Bentonville corridors
- Traffic exposure of approximately 17,000 vehicles per day along I Street
- Property benefits from 50’ easement access from I Street
- Surrounded by continued residential and commercial expansion in one of Northwest Arkansas’ fastest-growing markets
- Minutes from major employers, retail, dining, biking trails, and entertainment amenities throughout Bentonville
- Potential opportunity for complementary neighborhood commercial uses such as medical office or convenience retail, subject to zoning and approvals
- Airport adjacency creates additional appeal for executive housing, senior living, and aviation-related support services
- Strong regional economic drivers fueled by corporate growth, population migration, and Northwest Arkansas expansion
- Rare large-acreage infill opportunity in a highly supply-constrained Bentonville market
- Land value-driven offering with substantial redevelopment potential for investors, builders, and
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