Property Overview

Premier Residential Development Opportunity in Conway's Expanding Growth Path! This ±70.00-acre property offers an exceptional opportunity for residential developers, investors, and land bankers seeking to capitalize on one of Central Arkansas' fastest-growing markets.

Located just east of Conway along Highway 64 and minutes from Interstate 40, the property combines rural appeal with convenient access to employment centers, shopping, healthcare, and higher education. As residential growth continues to expand beyond Conway's city limits, large contiguous tracts suitable for development have become increasingly difficult to find.

With level topography, development potential, and excellent accessibility, this property is ideally positioned for a residential subdivision, mixed-use community, estate lots, build-to-rent development, or long-term investment hold. Mineral Rights do not convey.

Key Features

• Price: $1,699,000

• Lot Size: +/- 70.00 Acres

• Residential Investment Property

• Easy Access to I-40

• Conway School District

• Located just outside Conway city limits

• Convenient access to Interstate 40

• Frontage along Highway 64 East

• Level, cleared terrain

• Suitable for subdivision and phased development

• Excellent residential development potential

• Utilities available in the area

• Additional nearby development activity along the Highway 64 corridor

• Mineral rights do not convey

Zoning & Utilities

• Unzoned

• Vilonia Water Is Nearby

• Entergy Electricity Is Nearby

Strategic Location

Positioned approximately 2.5 miles east of Interstate 40 Exit 127, this property offers convenient access to Conway while benefiting from the flexibility and growth opportunities associated with developing outside the city limits.

Nearby destinations include:

• Interstate 40

• Downtown Conway

• Conway Regional Health System

• University of Central Arkansas

• Hendrix College

• Central Baptist College

• Conway Commons Retail Corridor

• Major industrial and employment centers throughout Faulkner County

The location provides an attractive balance between accessibility and residential appeal, making it ideal for future housing development.

Site Development Potential

Property is unzoned and is outside Conway city limits. Unzoned properties just outside the city limits of Conway, Arkansas hold high development potential with few restrictions that lead to rapid population growth, offering opportunities for residential, commercial, and agricultural use.

Residential Subdivision

Create a master-planned neighborhood designed to meet the continued demand for new housing in the Conway market. The tract's size allows for multiple phases and a variety of lot configurations.

Estate Lots

Develop larger homesites that appeal to buyers seeking additional privacy, acreage, and a country setting while remaining close to city amenities.

Build-to-Rent Community

The property's size and location provide an excellent opportunity for a professionally managed single-family rental development in a high-growth area.

Mixed Residential Development

Incorporate a combination of lot sizes, housing types, open space, and amenities to create a diverse residential community that serves multiple market segments.

Long-Term Investment Hold

Acquire and hold a significant land position in one of Central Arkansas' strongest growth corridors as development continues to move eastward from Conway.

Why Conway?

Conway continues to attract new residents, businesses, and investment due to its strong economy, educational institutions, healthcare infrastructure, and strategic location along Interstate 40. Population growth and ongoing residential demand have created a need for additional housing inventory throughout the region.

As available development land within Conway becomes increasingly scarce and expensive, well-located tracts on the city's perimeter are becoming highly sought-after by developers and investors.

Investment Summary

Large-scale residential development opportunities with highway access and proximity to Conway are becoming increasingly rare. Whether your objective is immediate development, phased construction, or long-term land investment, 278 Highway 64 East offers the scale, location, and flexibility necessary to support a successful project.

With 70 contiguous acres, convenient Interstate access, and positioning within Conway's expanding growth path, this property represents one of the most significant residential land opportunities currently available in Faulkner County.

For more information regarding surveys, zoning information, utility availability, site plans, and development opportunities, contact:

Mitch Hart, CCIM

HartLand Development Company / Dunaway & Hart, Inc.

mhart@hdevco.com

501-626-2121

This listing is part of our larger inventory of commercial land for sale in Conway, Arkansas. View all available properties HERE.