I-49 & Pleasant Grove Rd - Commercial LAND FOR SALE


Rogers, AR 72758 3,409,441 SF
$19,000,000 USD
479-439-5801
I-49 & Pleasant Grove Rd, Rogers, AR for Sale
$19,000,000 USD
Commercial LAND - FOR SALE
1/41
3,409,441 SF

I-49 & Pleasant Grove Rd
Rogers, AR 72758


HIGHLIGHTS

  • Premier developable land in a rapidly growing market, zoned mixed-use for commercial, medical, retail, office, multifamily, and more.
  • Shovel-ready with all utilities on site and unmatched frontage on Interstate 49 and Pleasant Grove Road, providing traffic counts of over 121,000 VPD.
  • Offered as the last blank canvas along the Interstate 49 corridor, connecting economic drivers from Bentonville, Rogers, Springdale, and Fayetteville.
  • Within a 3-mile radius, the number of households grew by 52% from 2010 to 2023, and the average income is $122,690 annually.
  • Less than five minutes from Walmart's new 350-acre campus.
  • 2.5% procurement fee for brokers.

OVERVIEW

Become a prominent figure in this abounding market, with the opportunity to meet new urbanism trends at this shovel-ready tract ideally poised for mixed-use development. This 78.27-acre, institutional-grade land is the last large tract available along the Interstate 49 corridor in the Northwest Arkansas Market. The asset features highly flexible zoning for commercial medical, residential office, multifamily, and hospitality use. All utilities are to the site, and it possesses valuable frontage at the crossroads of Interstate 49 and Pleasant Grove Road. The number of jobs in Northwest Arkansas’s flourishing market grew by 43.3%, making the area hungry for new developments. New residents are also fairly young, with over 300,000 residents within a 10-mile radius having a median age of 34.5. They are reaping the benefits of the dynamic economy, as that same area reports an average household income of $103,936 annually. The young, affluent demographic is ideal for new urbanism mixed-use developments since many “live-work-play” hubs have succeeded throughout the country, even through the pandemic. This area is already a sought-after destination, with the Walmart Arkansas Music Pavilion, two country clubs, and dozens of surrounding neighborhoods within a 10-minute drive. The local economy has grown 5.4%, adding 16,000 to its employment base over the past year. In turn, the area unemployment rate has been trending near or below 2% as of mid-2023. Much of this is driven by Walmart, the long-standing regional corporate anchor that has drawn several adjacent corporations like Procter & Gamble, Campbell Soup, Hershey, and Tyson Foods. This tract is easily accessible, with the headquarters for J.B. Hunt, Walmart, and Tyson Foods all within 20 minutes of the site.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/ACRE

$242,749/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Top Emerging Market Mixed-Use Tract

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Hospitality, Apartment Units, Apartment Units - Condo, Health Club, Hotel, Master Planned Community, Medical, Office Park, Restaurant, Storefront Retail/Office, Theater/Concert Hall

LAND ACRES

78.27 AC

LAND SF

3,409,441 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

C, MF, RO

APN/PARCEL ID

02-14350-100,02-14350-115

ASK ABOUT THIS PROPERTY

Jason MolesThe Griffin Company Commercial DivisionMore Info
479-439-5801

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Jason MolesThe Griffin Company Commercial DivisionMore Info
479-439-5801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.