You just don't come across properties like this very often. Having frontage on two streets is a huge advantage, and being right along the trail system makes it even more unique. Add in the views of Downtown Bentonville and The Compton, and it really becomes something special. Properties this size in a location like this are only going to get harder to find, which is why I'm so optimistic about what the future holds for this site.
The Greenway Trail's generous right-of-way allows the property to function much like a traditional street frontage and creates several straightforward development paths. A lower-density concept could include five or six single-family homes facing the trail with rear alley access, while the zoning may also accommodate approximately 10 to 12 townhomes or an apartment or condominium development. Downtown zoning provides considerable flexibility, and because the site already contains residential units, a buyer may be able to develop up to 10 units without incurring the new sewer fee. Those are important advantages for potential buyers to understand.
Joshua Brown
Broker, Haag Brown Commercial
The Offering
A rare downtown redevelopment opportunity.
A rare 0.72-acre redevelopment opportunity, The Ozark Trail Project sits at 421 SE A Street in Downtown Bentonville — just across from the Bentonville Public Library and immediately south of the city's transformative Quilt of Parks. The property is currently improved with an established apartment complex, providing in-place rental income while offering exceptional long-term redevelopment potential.
Zoned T5.1 Town Center Low under Bentonville's Unified Development Code, the site is ideally positioned for a future mixed-use residential and retail development that complements the continued evolution of Downtown Bentonville. Investors have the unique opportunity to generate income today while planning for tomorrow's development in one of the nation's most dynamic urban markets.
Whether maintained as an income-producing asset in the near term or repositioned into a signature residential-over-retail development, this property offers investors a rare opportunity to control a highly visible downtown site with both immediate cash flow and exceptional long-term upside.
Price
$2,950,000
Site Area
0.72 AC
Zoning
T5.1 Town Center Low
Current Use
Established Apartment Complex
Highest & Best Use
Mixed-Use Residential + Retail
Airport Access
12.8 mi from XNA
Investment Highlights
Income today, upside tomorrow.
Premier Northwest Arkansas investment opportunity
Income-producing asset with redevelopment potential
Walkable urban location
Future mixed-use development site
Immediate cash flow + long-term upside
Access Bentonville's extensive trail system directly from the property
Directly across from the Bentonville Public Library
Minutes from Meteor, The Momentary, The Ledger, and Bentonville Square
Near Walmart Home Office & Crystal Bridges
In one of the nation's strongest growth markets
Just 12.8 mi from XNA Airport
Immediately south of the city's transformative Quilt of Parks
Financial Summary
In-place income.
The property is currently operated as an eight-unit apartment complex generating in-place rental income. Figures below reflect the trailing 12-month Profit & Loss recap (Aug 2025 – Jul 2026) and the current rent roll as of 07/20/2026, both cash basis.
$91,039
Trailing 12-Mo. Total Income
$30,250
Trailing 12-Mo. Total Expense
$60,789
Trailing 12-Mo. Net Income
In-Place Gross Rent
$6,850 / mo.
Occupied Units
8 of 8
Implied Cap Rate
2.1% on T12 NOI
Rent Roll — as of 07/20/2026
Unit
Unit Type
Monthly Rent
B-420
2BR / 1BA
$800.00
A-417
2BR / 1BA
$850.00
A-427
2BR / 1BA
$850.00
A-419
2BR / 1BA
$850.00
A-415
2BR / 1BA
$900.00
A-425
2BR / 1BA
$900.00
A-421
2BR / 1BA
$800.00
A-423
2BR / 1BA
$900.00
8 units
$6,850.00
Trailing 12-Month P&L Summary — Aug 2025 to Jul 2026, cash basis
Category
Total
Income
Rental Income
$88,540.97
Late Fees
$1,500.00
Utility Reimbursement
$147.93
Security Deposit Forfeitures
$850.00
Management Income (NSF / App / Lease Prep fees, net)
$0.00
Total Income
$91,038.90
Expense
Repairs & Maintenance
$10,891.84
Management Expenses
$10,899.10
Bad Debt
$7,027.50
Utilities Expense
$901.78
Legal & Professional Fees
$530.00
Total Expense
$30,250.22
Net Income
$60,788.68
Monthly Net Income Trend
Aug 25
Sep 25
Oct 25
Nov 25
Dec 25
Jan 26
Feb 26
Mar 26
Apr 26
May 26
Jun 26
Jul 26
Total
$4,648
$4,729
$4,895
$6,357
$5,955
$4,192
$3,915
$5,266
$3,767
$6,729
$5,288
$5,048
$60,789
Financial information is derived from ownership's Rent Manager records and is provided for informational purposes only; it is not guaranteed and should be independently verified by prospective purchasers during due diligence.
Location & Lifestyle
An authentic, walkable downtown.
Positioned just steps from Bentonville's Downtown Greenway Trail, the property offers an authentic walkable lifestyle — grab a morning coffee at Meteor, spend the afternoon at The Momentary, bike to work at the new Walmart Home Office, meet clients at The Ledger, or enjoy an evening on the Bentonville Square, all within approximately one mile of the property.
The site is located at 421 SE A Street, Bentonville, AR 72712, in Downtown Bentonville — directly across from the Bentonville Public Library and immediately south of the Quilt of Parks.
Few markets offer the economic fundamentals found in Northwest Arkansas. The region is home to the headquarters of Fortune 500 companies — including Walmart, Tyson Foods, and J.B. Hunt Transport Services — and supports a deep base of Walmart supplier offices while continuing to experience significant population and employment growth.
63,057
Bentonville population (July 1, 2025)
+16.3%
Population growth, 2020 – 2025
$112,792
Median household income
22,589
Total households
$1,344
Median gross rent (monthly)
2nd
Fastest-growing city in Arkansas, 2023 – 2024
Bentonville was the fastest-growing city in Arkansas from 2020 to 2024, adding 7,575 people over the period. The broader Fayetteville–Springdale–Rogers metropolitan area reached 622,177 residents as of 2024, ranking among the fastest-growing metros in the United States.
Walmart's new home office campus — a roughly 350-acre development about a mile from downtown Bentonville — opened in 2025 and is designed to house more than 15,000 employees. More than 1,400 of Walmart's suppliers are now based in Northwest Arkansas.
Regional Employers
The corporate heart of the Mid-South.
The property sits at the center of the highest-density corporate region in the Mid-South — a market with a concentration of headquarters and management talent unmatched anywhere in the region.
7×
Corporate Concentration
Northwest Arkansas has roughly seven times the U.S. average concentration of headquarters and management workers — the backbone of a deep, high-income professional workforce.
Three Fortune 500 companies are headquartered in Northwest Arkansas, anchoring the regional economy:
Fortune 500
Walmart
Bentonville, AR
Fortune 500
Tyson Foods
Springdale, AR
Fortune 500
J.B. Hunt
Lowell, AR
1,400+
Walmart suppliers maintaining offices in the region
#1
Highest-density corporate region in the Mid-South
In the News
Bentonville, on the national stage.
A market that keeps earning national attention — for its art, its outdoors, its economy, and its momentum.
The National Dispatch
Recent recognition of Bentonville, Arkansas · 2024–2026
Headlines and outlets shown are drawn from published national coverage of Bentonville and Northwest Arkansas. Each links to its original source.
Gallery
A closer look.
Aerial drone photography of the property and its Downtown Bentonville surroundings.
Conceptual Design
Envisioning what's next.
An illustrative concept for redeveloping the site with new multifamily buildings, shown for reference only. Actual development is subject to site planning, zoning approval, and design review.
Rendering is conceptual only and does not represent an approved or entitled development plan.
Survey
Boundary survey.
Lot 6, Block 5, Railroad Addition, City of Bentonville — 0.72 acres ± (31,419.55 SF), Parcel No. 01-03827-000. Prepared by Caster & Associates Land Surveying, Inc., Job #22-377.
Survey provided for reference only. Buyers should independently verify boundaries, easements, and site conditions.
Disclaimer. All information contained herein is believed to be accurate but is not guaranteed. This material has been compiled from sources deemed reliable and should be independently verified by the recipient. Haag Brown Commercial makes no representation or warranty, express or implied, as to the accuracy or completeness of the information provided. This offering is subject to errors, omissions, prior sale, change of price, or withdrawal without notice. Nothing contained herein constitutes investment, legal, or tax advice; prospective investors should consult their own advisors before making any investment decision. Demographic and market statistics are drawn from public data sources; property-specific descriptions are provided by the listing brokerage.