20.19± Acres of Commercial Development Land for Sale in Springdale, Arkansas
Located at 4001 Wagon Wheel Road in Springdale, Arkansas, this 20.19± acre tract sits at the signalized intersection of Wagon Wheel Road and N 40th Street, about half a mile east of the I-49 interchange. The property is offered at $4,125,000, its independently appraised value, or about $4.69 per square foot.
Springdale’s Future Land Use Plan designates the site Commercial, and surrounding parcels are zoned C-5 and C-2. Water, electric and natural gas are at the site, and preliminary engineering is already in hand. For developers, investors and owner-users, it’s a large, ready-to-plan commercial site in one of Northwest Arkansas’ busiest growth corridors.
Property Highlights
Address: 4001 Wagon Wheel Rd., Springdale, AR 72762
Site Size: Approximately 20.19 acres / 879,476 SF
Asking Price: $4,125,000 ($4.69/SF · $204,309/acre)
Pricing Basis: Independently appraised value (CBRE, September 2026)
Property Type: Commercial development land
Current Zoning: A-1 Agricultural (Springdale’s interim classification)
Future Land Use: Commercial; adjacent parcels zoned C-5 and C-2
Frontage: Wagon Wheel Rd. (arterial) and N 40th St.
Traffic: 24,000 VPD on Wagon Wheel Rd.; 113,000 VPD on I-49 (ARDOT 2025)
Flood Zone: FEMA Zone X, no flood hazard
Topography: Level to moderately sloping
County: Benton County
Signalized Corner Minutes from I-49
The site fronts Wagon Wheel Road, a four-lane arterial running from I-49 to Hwy 71B, at its signalized intersection with N 40th Street. The I-49 / Wagon Wheel interchange is about half a mile west.
Springdale’s 2025 Master Street Plan calls for realigning N 40th Street as a collector along the property’s east line. That should improve both access and visibility as the area builds out.
Preliminary Engineering in Hand
A February 2025 concept layout from Engineering Services, Inc. shows seven buildings totaling about 136,200 square feet with 339 parking spaces, south-side detention and the N 40th Street realignment. Buyers start with a tested site plan instead of a blank page.
Utilities serve the area:
Water: City of Springdale, at the site.
Sewer: City of Springdale mains on Wagon Wheel Rd. and N 45th St. The connection route is to be confirmed by the buyer.
Electric: Carroll Electric.
Gas: Black Hills Energy.
A Growing Northwest Arkansas Trade Area
The surrounding market supports commercial development:
Income: median household income within one mile is $158,428.
Population growth: the 3-mile area grew about 2.4% a year from 2020 to 2025.
Population: nearly 109,000 people live within five miles.
The Northwest Arkansas MSA, home to Walmart, Tyson Foods and J.B. Hunt, is projected to add about 50,000 residents from 2025 to 2030.
Priced at Appraised Value
CBRE Valuation & Advisory Services concluded a value of $4,125,000 for the land as of September 29, 2026. CBRE’s adjusted comparable sales range of $4.60 to $4.80 per square foot brackets the $4.69 asking price. Comparables include land sales along the Wagon Wheel corridor and in Lowell.
Interested in This Springdale Development Site?
Contact Ted Dickey at Lighthouse Asset Advisors for the offering package, survey and engineering details or to walk the site.
Potential Uses
Retail or restaurant development
Medical or professional office
Mixed-use commercial
Multi-building commercial park
Owner-user headquarters or campus
Service commercial along the Wagon Wheel corridor
FAQ
How large is the property at 4001 Wagon Wheel Road?
The offered land is approximately 20.19 acres, or about 879,476 square feet.
What is the asking price?
The property is offered at $4,125,000, its independently appraised value. That works out to about $4.69 per square foot.
How is the property zoned?
The site is currently zoned A-1 Agricultural, Springdale’s interim classification. The city’s Future Land Use Plan designates it Commercial, and surrounding parcels are zoned C-5 and C-2.
Are utilities available?
Water, electric and natural gas are at the site. City of Springdale sewer mains are in the immediate area, and the connection route is to be confirmed by the buyer.
Is the property in a flood zone?
No. The site is in FEMA Zone X (unshaded), which is not a designated flood hazard area.
Is any part of the parcel excluded?
Yes. The seller is keeping the medical office building at the northwest corner on about five acres. The sale requires City of Springdale approval of a lot split.
Who should I contact about 4001 Wagon Wheel Road?
Contact Ted Dickey at Lighthouse Asset Advisors at 501-291-1161 or ted@lgroup.us for pricing, due diligence materials or to schedule a site visit.
