325 Acres in Lonoke, AR - $2,500,000
Thirteen miles from North Little Rock, Arkansas lies the Lonoke Golf Course and Mallard Point Estates. The Lonoke Golf Course covers approximately 199 acres and has 7,185 yards of play on large bent grass greens and wide Bermuda fairways and tee boxes. The other 126 acres has a 7 phase development plan for 300 lots. With one phase completed and 12 lots already sold, this property has immediate income potential in terms of lot sales. With its close proximity to Little Rock and offering luxurious life style living; this should be a hole in one for potential home buyers. Mallard Point Estates has great potential for an investor looking for a return on investment. The estimated gross return on this property would be 4,000,000 over the purchase price of the property.