12415 Highway 187, Eureka Springs, AR 72631

Cottage style exterior, recently remodeled several rooms. Kit., Living, Dining, both Bath’s. All new appliances in the kitchen as well as a new Mahogany counter top. New laminate floors throughout the living and dining area with new vinyl plank floor coverings in the kitchen and bath. The interior has recently been painted and the exterior was just finished. There is also a new (2 year old) architectural shingle roof, and a new (2 year old) Carrier-HVAC System. This is a 5.2 ac. (More or less) parcel of land that has been partially developed for commercial use, along with the home. It has a deep well of approximately 1100 feet and is recorded as a semi -public well, meaning that it can support up to 10 single family residences. There is an additional 11,200 square foot (partially constructed) building on this property. It was designed to be 10 single family residences. From just over 1,000 square feet to about 1300 square feet in size. All intellectual property will go with the sale. Building Elevations, floor plans, site plan, business plan, and materials estimate to complete the building. This is a young developers dream. We have run several hundred feet of 3” water pipeline to service the existing home and the apartments/townhomes when completed. There is a flat area just to the east of the home approximately 60’ wide and 350’ deep that would be ideal for storage units to facilitate use by the townhomes and surrounding area. An additional 3/4 ac. Parcel just to the east of this flat area goes with the property as well, to be used by the new owners. The reasons for a higher price than other similar listings are the size of the property, it’s commercial potential, the current state of development, and it’s location. This is one of the highest traffic count areas on Hwy. 187 Remember, one of the key valuations of a property is LOCATION, LOCATION, LOCATION, and you can not find a better location on this Hwy. for development.