TL;DR: Presidential Drive in Lowell, AR is offered at $850,000 for 1.16+/- acres, and those are the core figures the listing prints. It gives no per-acre price and no income for this vacant parcel. The listing agent is Cameron Torabi of Mason Capital Group, at 479-925-3333.
How much does Presidential Drive cost?
Presidential Drive is offered at $850,000 through Mason Capital Group.
That is the asking price on the listing, and it is the figure the listing record repeats in its status line. It is the price for land only, and the listing prints it as a single figure, with no range and no stated negotiating position. The listing describes no building and no improvements, and it states no financing terms.
How big is Presidential Drive?
The listing gives the size as 1.16+/- acres.
The plus-or-minus sign is the listing's own, and it signals that the figure is approximate until a survey fixes it. The record classifies the property as LAND - Lots, so there is no square footage, year built or bedroom count to report.
What other figures does the listing print?
The listing prints a handful of other figures, and none of them is a price or an income number.
- 40-mile: the length the listing gives for the Razorback Greenway trail system connecting the region.
- Fortune 500: the listing's description of J.B. Hunt Transport Services, headquartered in Lowell.
- 72745: the ZIP code in the listing record, in Benton County.
- I-49: the interstate the listing says connects Bentonville to Fayetteville, with Lowell between Rogers and Springdale.
- C-2: the zoning label the listing uses for the parcel, to be confirmed with the City of Lowell planning department.
Read the figures as a starting inventory, not a valuation. A price and an acreage describe what is for sale; they do not describe what the land is worth to you, which depends on the use you can lawfully pursue and the cost to prepare the site. That is why the verification list below matters as much as the price.
What do the numbers not tell a buyer?
The numbers do not tell a buyer what the land can actually be used for or what it will cost to build.
- The listing states no price per acre, and this post does not calculate one.
- It reports no income, because the parcel is vacant land.
- It gives no taxes, utility costs, flood information or lot dimensions.
- It says Lowell land pricing is favorable relative to Bentonville and Rogers infill, without figures.
Each missing number is a due diligence item. Confirm zoning with the City of Lowell planning department, and confirm taxes with your tax advisor.
How should a buyer test the price?
Test the price in four steps, each of which replaces an assumption with a document.
- Order a survey so the usable area is known, not assumed.
- Match the zoning answer to your intended use.
- Price utilities and site work for your concept.
- Ask the listing agent which comparable land sales the firm would discuss.
Keep your own worksheet. Record each listed figure with its source, add the figures you obtain yourself, and mark anything still unconfirmed. A buyer who separates stated numbers from verified numbers makes a calmer decision.
How do I request the full package?
Ask the listing agent, Cameron Torabi, Principal Broker, Mason Capital Group Real Estate Investment & Trust, at 479-925-3333 for the full parcel package. He brings 30+ years of Northwest Arkansas real estate expertise, and Mason Capital Group cites $2.4B+ in cumulative transaction activity (estimated combined personal, team and affiliated-brokerage activity over 30+ years; not independently verified; not indicative of current assets under management or future results). Learn more about Mason Capital Group, and browse the other featured listings.
Frequently asked questions
How much is Presidential Drive?
Presidential Drive is offered at $850,000 through Mason Capital Group. The price covers a 1.16+/- acre land parcel in Lowell, AR that the listing describes as C-2 zoned. The listing states no financing terms or incentives.
How many acres is Presidential Drive?
The listing gives 1.16+/- acres. The plus-or-minus is the listing's own wording, so treat the figure as approximate until a survey confirms the boundaries and usable area of the parcel.
What is the price per acre for Presidential Drive?
The listing prints no per-acre price, and we do not calculate one here, because a number the listing does not state is not a verified fact. Ask the listing agent which comparable land sales the firm would discuss.
Does Presidential Drive produce income?
No income is stated. The property is vacant land, and the listing reports no rent, lease or revenue figures. Any income would depend on what a buyer builds or operates after confirming zoning and permitted uses.
How long is the Razorback Greenway mentioned in the listing?
The listing describes the Razorback Greenway as a 40-mile trail system connecting the region. It uses that figure to explain how the parcel relates to Northwest Arkansas employment and population centers.
What are the property taxes on Presidential Drive?
The listing states no tax figure. Ask the listing agent for the current assessment, confirm it with the county, and review it with your tax advisor before you rely on any number for your budget.
Which figures should I verify before relying on the listing?
Verify the acreage by survey, the C-2 designation and permitted uses with the City of Lowell planning department, and utilities, flood status and taxes through your own advisors. The listing leaves several of those to the buyer.
Mason Capital Group serves Northwest Arkansas with brokerage, development, property management and investment advisory under one roof. To receive the full parcel package or arrange a private viewing, call Cameron Torabi at 479-925-3333 or contact Mason Capital Group.
About the author: Cameron Torabi, Principal Broker — Mason Capital Group. 30+ years of Northwest Arkansas real estate expertise; $2.4B+ in cumulative transaction activity.
Estimated figure reflecting combined personal, team, and affiliated-brokerage transaction and development activity across Northwest Arkansas over a 30+ year career. Based on internal estimates; not independently verified. Not indicative of current assets under management or future results.