609 Lelia - Development Opportunity – 21.15 Acres o 21.15 Acres of Commercial Land Offered at $697,460 CAD in Magnolia, AR 71753

Development Opportunity – 21.15 Acres on Lelia Street, Magnolia, AR
Don’t miss this exceptional opportunity to own 21.15 acres of versatile land located on Lelia Street in the community of Magnolia, Arkansas. Perfectly positioned for residential development, this expansive parcel offers endless potential for investors, builders, or developers looking to meet the strong local demand for affordable housing and rental properties.
Key Highlights:
– Ideal for a single-family home subdivision, perfect for government housing programs or affordable housing initiatives.
– Excellent potential for duplexes, triplexes, quadplexes (2–4 unit properties) or larger multifamily rental developments.
– Conveniently located near schools, shopping, dining, and city amenities, providing future residents with easy access to everything Magnolia has to offer.
– Utilities accessible, with ample road frontage along Lelia Street, ensuring smooth access for construction and development.
With the rising demand for quality rental units and affordable housing, this large tract of land offers a rare chance to shape a thriving residential community in one of Arkansas’s charming southern towns.
Contact us today to explore this promising investment and learn more about how this property can fit your development goals!