How to Buy Presidential Drive in Lowell, AR: Offer, Due Diligence and Closing

Cameron Torabi, Principal Broker — Mason Capital Group

6 min read

Presidential Drive, Lowell, AR, commercial land for sale

TL;DR: To buy Presidential Drive, the 1.16-acre parcel in Lowell, AR listed at $850,000, you inquire, verify, offer and close in that order. The listing describes the land as C-2 commercial, and the listing agent is Cameron Torabi, Principal Broker, Mason Capital Group Real Estate Investment & Trust.

How do I buy Presidential Drive in Lowell, AR, step by step?

You buy it in six steps, from the first call to the closing table, and the listing agent stays with you through each one.

  1. Inquire. Call 479-925-3333, ask for Cameron Torabi, and request the full parcel package.
  2. View. Ask for a private viewing so you can walk the parcel and its Presidential Drive access yourself.
  3. Verify. Confirm zoning and permitted uses with the City of Lowell planning department and commission a survey.
  4. Decide. Weigh what you learned against the $850,000 price with your own tax advisor and attorney.
  5. Offer. Submit a written offer through the listing agent that states your price, your conditions and your due diligence period.
  6. Close. Once the contract is signed and the open items are answered, complete title work and close. The listing states no closing timeline, so agree the schedule in writing.

What does $850,000 buy at Presidential Drive?

The price buys 1.16+/- acres of land that the listing describes as C-2 zoned commercial, with access from Presidential Drive in the heart of Lowell.

The listing classifies the property as land, not a building, so you are buying a site and a set of possibilities. Per the listing, the parcel sits adjacent to the Ward Nail Park trail network, among wooded pathways and park amenities. The listing says the setting supports conventional retail, service or office development and also a hospitality or destination concept, including build-to-suit cabins. That concept is the listing's, not an approved use; confirm it with the City of Lowell planning department.

What due diligence should I complete before making an offer on this lot?

Complete six checks before you offer, because the listing leaves several of them to the buyer.

  • Zoning. The listing calls the parcel C-2. Get the designation and the permitted uses confirmed with the City of Lowell planning department, in writing.
  • Your intended use. A cabin or hospitality concept deserves its own question to the city, separate from the general C-2 answer.
  • Lot dimensions and survey. The listing puts lot dimensions on the buyer. A survey fixes the boundaries.
  • Utilities. The listing gives no utility information, so ask what is available at the parcel and what connection would involve.
  • Flood and access. The listing gives no flood information. Check it, and confirm access and any easements given the trail adjacency.
  • Taxes and title. Confirm both with your tax advisor and attorney. Nothing here is tax or legal advice.

Refer to the property by name and street when you ask questions. For more information and a free consultation, contact the listing broker, Cameron Torabi at Mason Capital Group, at 479-925-3333.

How is a purchase of Presidential Drive financed?

The listing states no financing terms, so financing is a question for you and your lender.

Do not assume seller financing, credits or any incentive, because the listing mentions none. Ask your lender what it requires for commercial land, then build that schedule into your offer. A lender may ask to see the survey and the zoning confirmation, which is one more reason to complete those steps early.

How does the listing agent help a buyer through the purchase?

The listing agent coordinates the parts of the process that trip up land buyers: survey, zoning verification and conversations with the city.

Per the listing, Mason Capital Group coordinates those items as part of its advisory process. Cameron Torabi brings 30+ years of Northwest Arkansas real estate expertise to that work, 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 compare this parcel with the other featured listings before you decide.

Frequently asked questions

How do I make an offer on commercial land in Arkansas?

Make a written offer through the listing agent that states the price, your conditions and your due diligence period. For Presidential Drive, call Cameron Torabi at 479-925-3333 first, request the parcel package, and complete your zoning check before you commit.

What should I check before buying a commercial lot like this one?

Check zoning, permitted uses, lot dimensions, utilities, flood status, access and title. The Presidential Drive listing places lot dimensions, utilities and permitted uses on the buyer, so each one should be confirmed independently before you make an offer.

Does the Presidential Drive listing state financing terms?

No, the listing states no financing terms, seller financing or incentives. Treat financing as your own arrangement with a lender, and ask the lender early what documents it needs for commercial land, such as a survey and written zoning confirmation.

How long does closing take on a land purchase like this?

The listing states no closing timeline, so no honest number can be quoted from it. Closing speed depends on the contract you sign, your due diligence period and any lender. Ask the listing agent to set the schedule in writing.

Can I confirm the C-2 zoning before I submit an offer?

Yes, you can and should confirm the zoning with the City of Lowell planning department before you offer. The listing calls the parcel C-2, but the city, not the listing, confirms permitted uses. Mason Capital Group coordinates zoning verification and city planning conversations as part of its advisory process, per the listing.

Who should I call to buy commercial land in Lowell, AR?

Call Cameron Torabi, Principal Broker at Mason Capital Group, at 479-925-3333. He is the listing broker for Presidential Drive in Lowell, Arkansas, 72745, and can confirm current status, send the full parcel package, arrange a private viewing and explain how the parcel is being offered to buyers.

Who orders the survey when buying this parcel?

The listing makes the buyer responsible for due diligence on lot dimensions, utilities and permitted uses, so the survey falls to the buyer. Per the listing, Mason Capital Group will coordinate the survey as part of its advisory process.

To start, call Cameron Torabi at 479-925-3333 or contact Mason Capital Group to arrange a private viewing or request the full parcel package for the Lowell parcel.

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.

https://www.masoncapitalgroup.com/blog/presidential-drive-lot-lowell-how-to-buy