Off Hoffman Street
Pea Ridge, Ar 72751

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$650,000

$150,463 per acre

4.32 Acres

This 4.32 acres in the middle of Pea Ridge is prime for an amazing multifamily development opportunity or take it in your own direction with your own vision. City planning has approved the plans for multi-family. This property was previously a horse pasture and is currently vacant land. The propert...

This 4.32 acres in the middle of Pea Ridge is prime for an amazing multifamily development opportunity or take it in your own direction with your own vision. City planning has approved the plans for multi-family. This property was previously a horse pasture and is currently vacant land. The property was landlocked until earlier in 2021 when the city put in a connecting road at Patton st. /Hazelton Rd so it will soon become the new East/West corridor for city traffic. Rezoned to R-2 Multifamily in September of 2021 and survey and soil test completed in 2022. Property has all of the major connections (water, sewer, electric) on-site or nearby. Property owner has completed engineering and architectural plans for 6 Quad Plexes (3 bedroom, 3 bath, 1 car garage, 1300 sq. ft- see sketch renderings in pics.) or the property could fit a small neighborhood of single family residences. Pea Ridge is outgrowing its current rental market, and the opportunity for success in multifamily is extremel

MLS 1218649
Subdivision Pea Ridge
Type Land
County Benton
School Pea Ridge
Lot Size 4.32
Fencing None
Lot Desc Central Business District, Cleared, City Lot, None, Open Lot, Level
Listed By Gibson Real Estate