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N Progress Ave 29.52 Acres of Commercial Land Offered at $2,850,000 in Siloam Springs, AR 72761
Investment Highlights
- Surrounding retail and institutional anchors, including a Walmart Supercenter and a Lowe's Home Center
- Suited for range of uses including retail, mixed-use, multifamily or medical office development
- Well-positioned development opportunity
- Bank REO
Executive Summary
Property Facts
| Price | $2,850,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| Sale Condition | REO Sale | Total Lot Size | 29.52 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $2,850,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | REO Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 29.52 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,850,000 | Lot Size | 29.52 AC |
| Price Per AC | $96,544.72 |
| Price | $2,850,000 |
| Price Per AC | $96,544.72 |
| Lot Size | 29.52 AC |
Bank REO
Description
Colliers Arkansas is pleased to present for sale a ±29.52-acre tract of vacant land located along North Progress Avenue in Siloam Springs, Arkansas. The property represents a well-positioned development opportunity within one of Siloam Springs’ primary commercial corridors. The site benefits from strong surrounding retail and institutional anchors, with a Walmart Supercenter directly to the south, a Lowe’s Home Center to the southeast, a regional hospital to the northeast, and a high school to the northwest. This combination of anchors and institutional uses generates significant daily traffic and gives the corridor a proven retail draw. Overall, the property is situated in a developing commercial area along a major arterial thoroughfare with established residential neighborhoods nearby. The site’s size and location make it well-suited for a range of uses including retail, mixed-use, multifamily, or medical office development, subject to zoning and entitlement review. Property if bank REO.
Property Taxes
| Parcel Number | 03-06705-000 | Improvements Assessment | $0 |
| Land Assessment | $326,615 | Total Assessment | $326,615 |
Property Taxes
