1501 Rainbow Rd - Commercial LAND FOR SALE
Rogers, AR 72758 | 581,526 SF
$4,299,000 USD
479-636-9000
1501 Rainbow Rd
Rogers, AR 72758
HIGHLIGHTS
- Two separate parcels totaling 13.35 acres, both are zoned “T5.1,” Town Center Low (2.09 acres & 11.26 acres)
- Zoned for 24 multifamily units per acre in Rogers jurisdiction with density concept plan
- Multifamily rents in the $1.45 to $1.50 PSF range
- High growth area of Rogers that is immediately adjacent to Bentonville and SE Walton Blvd
- 2.6 miles from the future 350-acre Walmart Home Office campus
OVERVIEW
Large tract of land south of bustling SE Walton Blvd with 13.35 acres. Property is near several retailers and convenient to both Rogers and Bentonville amenities with quick access to Interstate 49 and major arterial roads. Potential and best use is for garden-style / mid-rise multifamily project or active adult community.
FOR SALE DETAILS
PRICE
$4,299,000 USD
PRICE/ACRE
$322,022/AC
PRICE/SF
$7 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
1501 S. Rainbow Rd.
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Apartment Units, Apartment Units - Senior
LAND ACRES
13.35 AC
LAND SF
581,526 SF
OFFSITE IMPROVEMENTS
-
ZONING
C-3
APN/PARCEL ID
02-00861-107
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479-636-9000
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479-636-9000
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