26 Doors or more

Repositioned at a tick under $1.4m this opportunity for you to develop and build this pocket neighborhood currently known as "Oak Street Village" is sweeter than ever! Zoned T5.2 in Rogers, Arkansas this 3.53 acre parcel allows the owner/dev team to build 3 stories with up to 231,365 ft2. How many doors is this?

at 1,000 ft2 = 231 doors

at 1,250 ft2 = 185 doors

at 1,500 ft2 = 154 doors

at 1,750 ft2 = 132 doors

at 2,000 ft2 = 115 doors

Position 10 three story apartments here with over 180,000 ft2! Stabilize fast at $1 a foot and still be able to gross over $1.5m a year at 70% occupancy. Compare this to market average 89-97% occupancy and secure more tenants.

Want a smaller investment? For a total out of pocket of around $8.35m you could build 26 units, garden style, at 1,500 ft2 and sell them all for $10.73m ($275p/ft2). Grossing 2.38m in about 2 years.

Timeline may vary based upon contractor availability. Currently undergoing large scale development for the 26 unit garden style SF package.