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Distressed Asset Opportunity: 4.41 Acres of Prime Redevelopment Land in Mayflower
For savvy investors and developers scouting the real estate market for high-ROI opportunities, this 4.41-acre parcel in Mayflower, Arkansas, presents a compelling case. Priced aggressively at $45,000, this property is being sold primarily for its land value, offering a rare entry point for those looking to build a custom portfolio or acquire substantial acreage at a fraction of the market cost.
Land Valuation and Infrastructure
Real estate experts agree that buying land with existing infrastructure significantly reduces development costs. This property offers immediate advantages for new construction projects:
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Expansive Acreage: A massive 4.41-acre lot provides the flexibility required for a private estate, a homesteading project, or recreational land use.
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Utilities On-Site: The property already features access to electricity, a critical utility that streamlines the building process.
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Water Systems: While currently without a water system, the geology of the area is well-suited for the installation of a private well, offering long-term utility independence.
The “Fixer-Upper” Potential (As-Is Sale)
The site currently houses a 1,924 sq. ft. structure (3 Bedrooms / 2 Baths).
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Condition Report: The structure was condemned following flood events and is currently uninhabitable.
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Redevelopment: For investors with experience in construction and renovation, this shell offers a footprint for potential reconstruction. However, the true value lies in the “Blank Canvas” appeal—demolishing the current structure to design a modern home tailored to the land’s unique topography.
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Distressed Asset: Sold strictly “As-Is,” this property allows buyers to bypass standard disclosure delays and start their project immediately.
Risk Assessment: Flood Zone & Zoning
Transparency is key in property valuation. The property is located in a designated flood zone and has a history of flooding.
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Due Diligence: Prospective buyers are advised to consult with local zoning authorities and flood insurance providers. Understanding the local regulations will be essential for obtaining building permits or planning future mitigation strategies.
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Investment Angle: Properties in flood zones often trade at a discount (as seen here), offering higher upside potential for investors willing to implement proper drainage or elevated construction techniques.
Financial Overview: Cash-Only Transaction
Due to the condition of the existing structure, this property does not qualify for traditional mortgage financing.
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Target Buyer: This is a strictly Cash-Only transaction, making it an ideal acquisition for liquid investors, land developers, or those utilizing hard money loans.
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Speed of Sale: The cash requirement ensures a swift closing process, allowing the new owner to take possession and begin work without banking delays.
Location and Lifestyle
Despite the need for development, the location remains a strong asset. Nestled in a tranquil sector of Mayflower, AR, the property offers the privacy of rural living while maintaining convenient access to local amenities. It is the perfect balance for those seeking a quiet retreat with connectivity.
Seize the Opportunity Smart investments require vision. Whether you are looking to build a dream home or hold land for capital appreciation, this offer at $45,000 is hard to overlook.
For more information, to review the plot map, or to schedule a site visit, please contact the listing agent via the Zillow link below.
