Commercial Land Development Guide
HartLand Development Company
The Leading Commercial Real Estate Arkansas Service
Conway, Arkansas has become one of Central Arkansas’ fastest growing commercial markets due to steady population growth, university expansion, and retail development along major corridors such as Dave Ward Drive, Oak Street, Salem Road, and Highway 64.
Hartland Development Company specializes in commercial land brokerage, land development, and investment property opportunities in Conway and Faulkner County. We work with developers, investors, and business owners seeking high-visibility locations and long-term growth potential.
Why Investors Are Buying Land in Conway Arkansas
Conway offers a unique combination of affordability and growth that continues attracting both regional and national businesses.
Key growth drivers include:
-
University of Central Arkansas expansion
-
Population migration from Little Rock metro
-
Retail and restaurant growth along I-40
-
Strong rental housing demand
-
Limited supply of developable commercial corridors
Because of these factors, commercial land values in Conway have steadily appreciated over the past decade.
Major Commercial Growth Corridors
East Oak Street Corridor
East Oak Street continues to see retail and service expansion due to traffic counts and residential density nearby. This corridor is well suited for neighborhood retail, medical offices, and service businesses.
Dave Ward Drive Corridor
One of the highest traffic areas in the city, supporting national retailers, restaurants, and
mixed-use development. Properties here typically serve high-intensity commercial users.
Highway 64 / Vilonia Area
Rapid residential growth is pushing commercial demand eastward. Ideal for convenience retail, fuel stations, and local services.
Salem Road Area
A developing corridor supported by residential rooftops and continued city expansion.
Typical Uses for Commercial Land in Conway
Many buyers ask what can be built locally. Common developments include:
-
Retail strip centers
-
Storage unit facilities
-
Restaurants & drive-through businesses
-
Medical & office buildings
-
Multi-family housing
-
Contractor yards
-
Service businesses
-
Investment land holds
Zoning and utilities vary by parcel, and our company helps buyers evaluate feasibility before purchase.
Understanding Utilities & Development
One of the biggest factors in land value is infrastructure availability.
Important considerations include:
-
Conway Corp water & sewer availability
-
Road frontage and access
-
Floodplain presence
-
Topography & drainage
-
Traffic exposure
-
Nearby development pressure
We routinely assist buyers in understanding development costs before acquisition.
Investment Outlook
Commercial land in Faulkner County has historically benefited from:
University population stability
Limited competing land supply
Continued retail expansion
Regional population growth
Investors frequently purchase land in advance of development and hold for appreciation as the city expands outward.
Current Commercial Land Listings
View available properties here:
Each listing contains detailed property descriptions, development potential, and location information.
About Hartland Development Company
Hartland Development Company is a Conway Arkansas real estate firm focused on commercial land brokerage and development consulting. We work with local owners, regional investors, and business operators to match properties with appropriate uses.
Contact Me Today
Mitch Hart, CCIM
President - Dunaway & Hart, Inc.
President - HartLand Development Company
575 Harkrider Street
Conway, AR 72032
501-626-2121 Mobile
501-327-2121 Office