Off Hoffman, Pea Ridge, AR 

This 4.32 acres in the middle of Pea Ridge is prime for an amazing multifamily development. The city recently voted and approved the bond in September 2021 to widen and pave Patton St./Hazelton Rd so it would become the new East/West corridor for city traffic. This property was recently approved and rezoned to R-2 Multifamily in September of 2021. Property has all of the major connections (water, sewer, electric, etc.) on-site or nearby. Property owner started engineering and architectural plans for 7 Quad Plexes (3 bedroom, 2 bath, 1040 sq. ft.), and these plans will be included in the sale of the property. Property was being prepared to be parceled to 7 lots but has not happened yet. Property could also safely fit 8-12 single-family homes on .33 acre lots with a culdesac. Property is adjacent to storm drain runoff on the west side of the property and will require guttering to a small detention pond on the Northeast side. See land illustrations for additional details. Jump on this opportunity and call today!

$499,995

To learn more contact Jeff Pederson.

     

Jeff Pederson Commercial Properties - Northwest Arkansas
479-856-2233 | jpederson@lindsey.com

1200 E. Joyce Blvd, Fayetteville, AR 72703

Jeff Pederson is a proud member of the Lindsey and Associates team.