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Development Potential - Lowell, AR
17.87 acres creating a premier development opportunity at Pleasant Grove & 71 B, situated on the Rogers / Lowell border within one of Northwest Arkansas’s fastest-growing commercial corridors. The property offers excellent visibility and access, with direct street frontage, utilities available at the property, and established detention already in place; significantly reducing upfront development costs. A fully entitled and approved multifamily LSD conveys with the purchase, including engineered plans for 166 townhome units with amenities. A revised Lowell Zoning Ordinance further enhances project efficiency by allowing utility lines to cross property boundaries and private streets which lowers overall development costs. While the townhome footprints are set, vertical design remains open, giving flexibility for the purchaser’s vision. The project structure also supports a mix of fee simpl...
17.87 acres creating a premier development opportunity at Pleasant Grove & 71 B, situated on the Rogers / Lowell border within one of Northwest Arkansas’s fastest-growing commercial corridors. The property offers excellent visibility and access, with direct street frontage, utilities available at the property, and established detention already in place; significantly reducing upfront development costs. A fully entitled and approved multifamily LSD conveys with the purchase, including engineered plans for 166 townhome units with amenities. A revised Lowell Zoning Ordinance further enhances project efficiency by allowing utility lines to cross property boundaries and private streets which lowers overall development costs. While the townhome footprints are set, vertical design remains open, giving flexibility for the purchaser’s vision. The project structure also supports a mix of fee simple and rental units, providing a unique opportunity to create immediate sales-driven cash flow or portfolio value through rentals.
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