Property Overview

Premier Multifamily Development Opportunity in West Conway! Position your next residential development in one of Conway's most desirable and rapidly expanding growth corridors. This ±15.87-acre tract is already zoned MF-2 Multi-Family, providing developers with a significant head start toward bringing a new apartment, townhome, or build-to-rent community to market.

Located along Donnell Ridge Road just west of Dave Ward Drive, the property enjoys convenient access to major retail, restaurants, healthcare, educational institutions, and Interstate 40. Even more compelling, the site lies adjacent to the future Conway Western Loop, an infrastructure improvement expected to enhance long-term accessibility and support continued growth throughout West Conway.

With approximately 700 feet of road frontage, all Conway Corporation utilities available, and nearly 16 acres of development-ready land, this is one of the area's premier opportunities for multifamily investment.

Key Features

• Price: $715,000

• Lot Size: +/- 15.87 Acres

• Near Conway Marketplace Shopping Center and major shopping destinations

• Conway School District

• Approximately 700 feet of frontage on Donnell Ridge Road

• Adjacent to the future Conway Western Loop

• All Conway Corporation utilities available

• Inside Conway city limits

• Minutes from Dave Ward Drive

• Convenient access to Interstate 40

• Excellent apartment, townhome, or build-to-rent development opportunity

• Strong long-term investment potential

• Mineral rights do not convey.

Zoning & Utilities

• Zoned MF-2

• Conway Corp Water Is Onsite

• Conway Corp Sewer is Nearby

Strategic Location

Few sites combine this level of accessibility with proximity to Conway's primary employment, retail, and educational centers.

Nearby destinations include:

• Dave Ward Drive

• Interstate 40

• Conway Marketplace

• University of Central Arkansas

• Conway Regional Health System

• Hendrix College

• Central Baptist College

• Downtown Conway

• Restaurants, grocery stores, and daily conveniences

Residents will enjoy quick access to both established neighborhoods and Conway's expanding west side while remaining only minutes from nearly every major destination in the city.

Site Development Potential

MF-2 (Multi-Family District) in Conway, Arkansas, is a medium-density zoning designation allowing up to 18 units per gross acre, designed to serve as a transition between high-intensity uses (like commercial or industrial) and lower-density residential areas. It supports apartment complexes, townhomes, and similar multi-family developments.

Apartment Community

MF-2 zoning allows developers to move more efficiently from acquisition to construction. The property's size supports a thoughtfully designed apartment community with amenities, open space, and multiple building configurations.

Townhome Development

Growing demand for maintenance-free housing makes this site an excellent candidate for owner-occupied or rental townhomes that appeal to young professionals, families, and downsizing homeowners.

Build-to-Rent Community

Purpose-built rental neighborhoods continue to experience strong demand throughout Central Arkansas. This tract offers the acreage needed to create a professionally managed single-family rental or cottage-style development.

Mixed Residential Community

The property's configuration provides flexibility for combining apartments, townhomes, green space, walking trails, and community amenities into a cohesive residential neighborhood.

Positioned for Future Growth

Infrastructure often drives real estate value, and this property is uniquely positioned adjacent to the planned Conway Western Loop. As transportation improvements continue and residential growth expands westward, this corridor is expected to become one of Conway's most active development areas.

Combined with existing utilities and multifamily zoning, the property offers developers the opportunity to secure a strategically located site before future infrastructure investment is fully reflected in land values.

Investment Summary

Large multifamily tracts with existing MF-2 zoning are becoming increasingly scarce in Conway. Properties requiring rezoning often involve additional time, expense, and uncertainty. By contrast, 3765 Donnell Ridge Road provides a streamlined path toward development in one of Central Arkansas' strongest housing markets.

Whether you're planning an apartment community, townhome neighborhood, build-to-rent project, or a long-term investment, this property offers the location, infrastructure, and zoning needed to support a successful development.

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.