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2500 S Knoxville Ave - Rest Haven Memorial Park-R3 Residential Land 8 Acres of Residential Land Offered at $550,000 in Russellville, AR 72802
Investment Highlights
- Home to Arkansas Tech University and Arkansas' Nuclear One, Arkansas' only nuclear power plant.
- The Arkansas Racing Commission granted a casino license to the Cherokee (CNB) to build and operate a $300 million casino resort in Russellville.
- Russellville is known for its local music, art scene, and historic downtown area.
Executive Summary
Prime residential development investment opportunity. This 8-acre site has great access, currently zone R3 which allows for 4,000 sq. ft. lots, approximately 10 residential units/acre. Depending on developer's model, there is also potential to go for a rezone to accommodate more units of multifamily if desired. Seller Financing Options Available.
Property Facts
1 Lot Available
Lot
| Price | $550,000 | Lot Size | 8.00 AC |
| Price Per AC | $68,750.00 |
| Price | $550,000 |
| Price Per AC | $68,750.00 |
| Lot Size | 8.00 AC |
PT NE SE CITY OF RUSSELLVILLE. See attached ALTA site survey.
Description
8-acre raw land asset currently zoned "R3" for Medium/High Density Residential.
Property Taxes
| Parcel Number | 860-00306-000C | Improvements Assessment | $0 |
| Land Assessment | $200 | Total Assessment | $200 |
Property Taxes
Parcel Number
860-00306-000C
Land Assessment
$200
Improvements Assessment
$0
Total Assessment
$200
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Presented by
Broylman Memorial Holdings AR LLC
2500 S Knoxville Ave - Rest Haven Memorial Park-R3 Residential Land
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