1051 Peterson Avenue, Decatur, AR 72722

• 28,042 sqft

Property Description

Seize the opportunity to own a one-of-a-kind property in Arkansas, where business meets nature and lifestyle meets luxury. Peterson Farms property is for sale. This expansive 230-acre property offers unparalleled potential with a private airport featuring a 3/4-mile-long paved runway, five fuel tanks, and 18000 sq ft of hangar storage. Perfect for aviation enthusiasts, business owners, or developers, the property’s prime location provides direct access to two major highways, ensuring convenience for transportation and logistics. Additionally this unique estate offers stunning lakefront views, creating an idyllic setting for both business and recreational use. Whether you're looking to expand your aviation business, build a custom retreat, develop a mixed-use commercial venture, or develop an air-park residential community this versatile property offers endless possibilities. Three existing homes on the property offer a base level of what could be the most desirable neighborhood in NWA. Also MLS #1311128

Listing Status:

Active

Date Added:

January 28, 2025

Data Last Updated:

February 14, 2026 at 4:17PM

Listing Office:

Better Homes and Gardens Real Estate Journey Bento : 479-319-3737

MLS ID:

1297091

Interior

• General: Intercom
• Appliances: Gas Water Heater
• Basement: Crawl Space
• Flooring: CarpetConcreteMarbleWood
• A/C: Central AirElectric
• Heating: CentralGas

Exterior

• Parking: AttachedGarageParking Lot

Construction

• Roofing: ArchitecturalShingle
• General: CedarMetal SidingRock3CrawlspaceSlab

Location

• Road/Access: Main Thoroughfare
• HOA Amenities: Monthly
• Originating MLS: ARKMLS_NWA
• County: Benton

Lot

• Zoning: TRACTS 1 AND 2:08-00082-516

Utilities

• Utilities: Cable AvailableElectricity AvailableNatural Gas AvailableSeptic AvailableWater Available
• Water: Public
• Sewer: Septic Tank

Financial

• Source: ARKMLS_NWA