4295 Martin Luther King Jr Boulevard

Property details

Price

$495,000

Square feet

1,056

Lot size

1.46 acres

Year built

1974

Type

Commercial

Status

Active

Days on market

15

County

Washington

MLS number

1361700

About this property

This unique 1.46-acre property presents an exceptional opportunity for investors, developers, and long-term landholders seeking flexibility and future upside. The property includes a 1,056-square-foot home, providing the potential to generate rental income while holding the underlying land for long-term appreciation. Strategically located just minutes from I-49, the University of Arkansas, major employers, and a wide range of businesses and amenities, the property sits within a strong and rapidly growing corridor with significant potential for future development. The property offers multiple investment strategies, including leasing the existing home for immediate rental income, holding the property as a long-term land investment, or exploring redevelopment opportunities as the surrounding area continues to grow. Opportunity to rezone to UT – Urban Thoroughfare, creating potential for multifamily or other development opportunities, subject to city approval and applicable zoning requirements.

Location

Features

Appliances

Gas water heater

Flooring

Wood

Lot features

Central business district, City lot

Utilities

Cable available, Natural gas available, Sewer available, Water available

Roof

Architectural, Shingle