Development Opportunity in Russellville, AR – 54 Build-Ready Lots on 16 Acres

Location: Ray Lee Jr’s Fourth Subdivision, Russellville, Arkansas, Pope County

Zoning: R-1 (Rezone to R-2 or other classifications possible)

Utilities: City Water, Natural Gas Available, Electricity Easily Accessible

Acreage: Approx. 16 Acres – 54 Individual Lots of Varying Sizes

No HOA | No Environmental Concerns | ~$1,000/year Taxes

Overview

Unlock the potential of 54 residential lots spread across approximately 16 acres in the growing city of Russellville, Arkansas. Situated within Ray Lee Jr’s Fourth Subdivision, this property presents a rare opportunity for developers or investors to acquire a shovel-ready site with strong fundamentals and future flexibility.

Property Highlights

• Zoned R-1: Ideal for single-family development
• Rezoning Flexibility: Seller is open to R-2 or other zoning changes
• Utilities Ready:
• City Water
• Natural Gas
• Electric Nearby
• Sewer/Water Easements (possibly the only existing ones)
• No HOA – fewer restrictions, greater freedom
• Land is Cleared Except for Trees – no structures or debris
• Deed in Hand – ready to transfer
• Low Annual Taxes: ~$1,000
• Close to:
• Arkansas Tech University
• Lake Dardanelle
• 1 Hour to Little Rock

Investment Potential - Asking $350K

• 6 lots were recently sold for $55,000 total, proving strong market interest
• One lot with paved road frontage already drew a $25,000 offer
• Seller prefers to sell as a full package

Perfect For:

• Residential Developers
• Builders Looking for Entry-Ready Land
• Investors Seeking Subdivision Projects
• Long-Term Land Bankers Near a University Hub

This is a rare chance to own a large block of lots in a fast-growing region near water, education, and infrastructure. With flexible zoning options and utility access, the groundwork is laid for a standout project.