Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

12483 Lodge Dr 25 Acres of Commercial Land Offered at $7,990,000 in Garfield, AR 72732

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • ±25-acre tract at the highest point of elevation in Benton County, likely the only redevelopment site with on-site sewer access and Beaver Lake views.
  • Close to high-net-worth amenities like Lost Bridge Air Strip, Lost Bridge Marina, and Beaver Lake Sail Club - 20 min from Rogers Executive Airport.
  • Area with unrivaled interest as the population within a 5-mile radius grew by 45% from 2020 to 2024 and is projected to rise another 20% by 2029.
  • Redevelopment potential for many uses: condos, hotels, apartments, resorts, corporate retreat, recreational facility, mixed-use properties, and more.
  • Walmart’s new world HQ, 35 minutes away in Bentonville, has rocketed growth, and as of 2024, it had more cranes per capita than any other US city.

EXECUTIVE SUMMARY

Simply put, this opportunity presents one of the most, if not the most, valuable redevelopment opportunities in Arkansas and invites investors to discover the bounty that awaits.

Approximately 25 acres and with a coveted spot at the highest elevation in Benton County, the existing hospitality property is primed for redevelopment to condos, hotels, apartments, a resort, corporate retreats, recreational facilities, mixed-use residential/commercial properties, and many other potential uses, all which would possess the best view of Beaver Lake. Its elevation is not the only unique attribute; it is likely the only redevelopment site overlooking 487 miles of Beaver Lake shoreline with on-site public sewer access. It peaks at 1,810 feet high, and to underscore the rarity of such stature, the highest point overlooking Lake of the Ozarks is 1,772 feet. 12483 Lodge Drive has panoramic views of Beaver Lake, and with the rapidly evolving Northwest Arkansas skyline and sprawling mountains, this property holds one of the best vantage points between the Rockies and Appalachians.

As Northwest Arkansas sees unprecedented expansion, significantly streamlined by Walmart’s new world headquarters, this metro is shifting Arkansas’s economic center of gravity. This site is only 35 minutes from the new Walmart headquarters, and recent population data indicates the area is only getting more popular with permanent residents on top of its established tourism scene. The vicinity is ripe for high-income residences, ideal for the growing number of affluent professionals in the metro, with the Lost Bridge Air Strip 1 mile South, Lost Bridge Marina 1.7 miles East, and Beaver Lake Sail Club 2.7 miles West. Beaver Lake has a very robust housing market, with many homes selling for over $1 million. There is a limited supply of housing on Beaver Lake, which is readying the demand for a new development here. With the best view in the region, a multitude of one-of-a-kind factors, and a market hungry for more, 12483 Lodge Drive is poised to host a residential destination that will garner national renown. Inquire now.

PROPERTY FACTS

Price $7,990,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Condo
  • Hold For Development
Total Lot Size 25.00 AC

1 LOT AVAILABLE

Lot

Price $7,990,000
Price Per AC $319,600.00
Lot Size 25.00 AC

Former hospitality property. High-end redevelopment opportunity.

  • Listing ID: 33638386

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 12483 Lodge Dr, Garfield, AR 72732

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}