$120,000
SOLD MAY 16, 2025

509 2nd Ave SW Gravette, AR 72736

2.57 Acres
$46,693 Price per Acre
111,949 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

19% Below List Price

5 Days on Market

Highlights

  • 2.57 Acre Lot
  • Gravette Middle School Rated A-
  • Level Lot

About This Lot

As of May 2025

Seize this rare opportunity to own ~2.57 acres of prime vacant land in the heart of Gravette, AR. Perfectly positioned in a central location, this level and buildable parcel offers incredible development potential for a variety of uses. With utilities already on-site, including city water, sewer, and electricity from a previously existing home, this property is ready for your vision. Excellent road frontage and high visibility make it ideal for developers, investors, or business owners looking to capitalize on the area's growth. The buyer will need to present zoning requests to the city, allowing for flexibility in potential uses. Gravette’s thriving community, excellent schools, and proximity to major business hubs make this an exceptional investment. Whether you're planning a new project or securing valuable real estate, don’t miss this chance to own a premium piece of land in a highly sought-after location.

Last Agent to Sell the Property

Philip Cristofaro

Mission House Real Estate Brokerage Phone: 914-469-2564 License #SA00095101 Listed on: 04/01/2025

Last Buyer's Agent

Stroud and Associates NWA Team

Real Broker NWA

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $449

Lot Details

  • 2.57 Acre Lot
  • Level Lot
  • Cleared Lot

Community Details

  • Wells Add Gravette Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 2

Property Details

Property Type

Land

Est. Annual Taxes

$449

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 2.57
  • Road Frontage Type: Public Road
  • Subdivision Name: Wells Add Gravette
  • Directions: Take AR-72 west to the stop sign at the center of town, cross over AR-59 to 2nd Ave SW.
  • ResoPropertyType: Land
  • Attribution Contact: 914-469-2564
  • Special Features: VirtualTour

Exterior Features

  • Fencing: None
  • Lot Features: Central Business District, Cleared, None, Level
  • Topography: Level

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association #2 Fee Frequency: Monthly

Schools

  • Junior High Dist: Gravette

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 449.0
  • Tax Block: 2
  • Tax Lot: 3

Similar Property in Gravette, AR

  • 2 Acres Fielding Rd, Gravette, AR 72736

    $120,000

    • Land
    • 2 Acres
    • $60,000 per Acre
    • 2 Acres Fielding Rd
    • Gravette, AR

    Park-like setting on 2 Acres to be surveyed from the northwest corner of Tract 2 of PID# 18-12080-000. Electric and water on site (will need septic). Located 1.6 miles from I49/Bella Vista Bypass. Remaining 72.97 Acres of Tract 2 as shown in photos (approximation) is also listed MLS# 1298742. Final picture in gallery showing proposed North South Bypass/connector near this site - Buyer to

    Koenigseder Realty Group REMAX Real Estate Results

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $120,000 -19.5% $108 / Sq Ft
04/06/2025 04/06/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $149,000 -- $134 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $471 $14,392 $14,392 $0
2023 $429 $8,738 $8,738 $0
2022 $637 $15,080 $8,740 $6,340
2021 $579 $15,080 $8,740 $6,340
2020 $531 $10,310 $4,630 $5,680
2019 $531 $10,310 $4,630 $5,680
2018 $531 $10,310 $4,630 $5,680
2017 $506 $10,310 $4,630 $5,680
2016 $506 $10,310 $4,630 $5,680
2015 $547 $11,090 $4,110 $6,980
2014 $547 $11,090 $4,110 $6,980
Source: Public Records

Agents Affiliated with this Home

  • Philip Cristofaro

    Seller's Agent in 2025

    Philip Cristofaro

    Mission House Real Estate

    (914) 469-2564

    3 in this area

    8 Total Sales

    Philip Cristofaro
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1303102

Northwest Arkansas Board of REALTORS®

APN: 11-00768-000

Arkansas Benton County Gravette 72736

509 2nd Ave SW, Gravette, AR

This home is located at 509 2nd Ave SW, Gravette, AR 72736 and is currently priced at $120,000, approximately $107 per square foot. 509 2nd Ave SW is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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