Large tract of land south of bustling SE Walton Blvd with 13.35 acres. Property is near several retailers and convenient to both Rogers and Bentonville amenities with quick access to Interstate 49 and major arterial roads. Potential and best use is for garden-style / mid-rise multifamily project or active adult community. • Two separate parcels totaling 13.35 acres, both are zoned “C-3,” General Commercial District (2.09 acres & 11.26 acres) • Zoned for 24 multifamily units per acre in Rogers jurisdiction with density concept plan • Multifamily rents in the $1.45 to $1.50 PSF range • High growth area of Rogers that is immediately adjacent to Bentonville and SE Walton Blvd • 2.6 miles from the future 350-acre Walmart Home Office campus
Property Details
Property Features
Listing Office:
Office Name: Colliers International - Branch Office
Office Phone: (479) 636-9000
Lot Features
Lot Information:
Lot: Level
Lot Size: 13.35 Acres
School Info
Assigned Schools Information:
Rogers Heritage High School, Public District Grades 9-12
Oakdale Middle School, Public District Grades 6-8
Reagan Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Walton Blvd, travel south on S Rainbow Road for 0.3 miles. Listing is on the left past Dual Cities Crossfit and Tribe Soccer.
Price Information
Listing Price Info
Price Summary:
List Price: $4,299,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Reagan Elementary School
3904 W Olive St
Distance between this listing and this school1.87 miles
Public District Grades PK-5
Middle School
5
/10
Oakdale Middle School
511 N Dixieland Rd
Distance between this listing and this school3.51 miles
Public District Grades 6-8
High School
5
/10
Rogers Heritage High School
1114 S 5th St
Distance between this listing and this school4.60 miles
Public District Grades 9-12
Assigned Schools
6
/10
Reagan Elementary School
3904 W Olive St
Distance between this listing and this school1.87 miles
Public District Grades PK-5
Nearby Schools
7
/10
Central Park At Morning Star
1400 SW Liberty Ave
Distance between this listing and this school1.68 miles
Public District Grades KG-4
10
/10
Willowbrook Elementary School
1800 Sw Gator Rd
Distance between this listing and this school1.70 miles
Public District Grades KG-4
Assigned Schools
5
/10
Oakdale Middle School
511 N Dixieland Rd
Distance between this listing and this school3.51 miles
Public District Grades 6-8
Nearby Schools
8
/10
Ruth Barker Middle School
500 SE 18th St
Distance between this listing and this school1.45 miles
Public District Grades 5-6
9
/10
Bright Field Middle School
5101 Sw Bright Rd
Distance between this listing and this school1.80 miles
Public District Grades 5-6
Assigned Schools
5
/10
Rogers Heritage High School
1114 S 5th St
Distance between this listing and this school4.60 miles
Public District Grades 9-12
Nearby Schools
8
/10
Bentonville High School
1901 SE J St
Distance between this listing and this school1.54 miles
Public District Grades 9-12
6
/10
Rogers High School
2300 S Dixieland Rd
Distance between this listing and this school3.87 miles
The neighbors living near this home have an average income of $52,200. Typical income of Rogers, AR residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1501 Rainbow Rd
What is the listing price of this property?
The listing price of 1501 Rainbow Rd property is $4,299,000.
What type of property is this?
The property 1501 Rainbow Rd is land located in Rogers, Arkansas, 72758.
Is this property for sale now?
Active Listing: 1501 Rainbow Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1501 Rainbow Rd are: Reagan Elementary School: GreatSchools Rating 6/10Oakdale Middle School: GreatSchools Rating 5/10Rogers Heritage High School: GreatSchools Rating 5/10
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This home is located at 1501 Rainbow Rd in Rogers, AR and zip code 72758. This home sits on a 13.35 acre lot. It has been listed on Rocket Homes since February 06, 2023 and is currently priced at $4,299,000.
In March 2024, from all listings sold in Rogers, AR there were more than 15 sold above asking price, over 37 sold below and more than 25 were sold right at the asked price. The inventory of homes for sale in Rogers, AR between February 2024 and March 2024 decreased by 3.7%. Listings spent 93 days on the market in March 2024, and had a median list price of $373,432 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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