Acreage
7.56 Acres and a 40x50 Shop in Rural Arkansas — $40,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 7.56 acres, 40x50 shop, 1,494 sqft home — strong land and outbuilding story |
| Condition | 25% | 4 | Explicitly needs cleaning and remodeling — no system dates, no updates listed; project property |
| Price / Sq Ft | 15% | 10 | Listing $27/sqft vs zip median $138/sqft (80% below median; 3 comps, directional only) |
| Price vs. Market | 5% | 10 | $40K vs $245K zip median — 84% below; zip median likely reflects acreage/rural comps |
| Market Conditions | 5% | 6 | DOM 92 days, 25% price drops, 96.3% sale-to-list — mild buyer advantage, rural thin market |
The land and the shop are the story here. Seven and a half acres in rural Arkansas with a 2,000 square foot metal shop sitting on it, and the whole thing is priced at $40,000. That number is not a typo. Comparable properties in the zip code are moving around $245,000. Even accounting for rural variability in how those comps are assembled, the gap is wide enough to mean something.
The shop is 40 by 50 feet. That is a serious building. Room for multiple vehicles, heavy equipment, a full woodworking setup, a side business, whatever you actually need that kind of space for. Most people who want a shop that size spend real money just on the structure. Here it comes with acreage attached.
The house is 1,494 square feet, two bedrooms, two bathrooms, built in 1965. The listing says it needs cleaning and remodeling, and that is worth taking at face value. No updates are listed, no system dates, no recent work mentioned. This is a project. You are buying a structure that needs work before it is livable the way you want it to be. How much work is something you would need to walk through and assess yourself, but budget for more than cosmetic.
What you are really buying is the land and the shop at a price that makes the house almost beside the point. If you want acreage in Arkansas and need a place to work on things, store equipment, or eventually build toward something larger, the math here is unusual. At $27 a square foot for the home alone, the land and shop come along at a price most people pay just for a used pickup.
The property has been on the market 92 days and has seen a 25% price reduction to get here. The seller has already moved once. That context matters when you are thinking about what the conversation looks like.