720 W Emerson St, Paragould, AR 72450

Opportunity awaits in Paragould’s historic Midtown neighborhood. The City of Paragould Land Bank Commission is offering a 0.17±-acre residential lot at 720 W. Emerson St. through an online and live auction. Located in the new Midtown Overlay District, the property is part of a Core Historic and Legacy neighborhood. The buyer must remove the condemned structure within 30 days after closing. New construction must meet district design standards, including Craftsman or bungalow styling, at least 1,200 square feet and two bedrooms, a hardy board or brick exterior, a covered front porch, sidewalk improvements, landscaping, tree preservation, and rear-alley garage access. Building plans require written approval, and a building permit must be obtained within 365 days of purchase. Failure to comply could result in liens, condemnation, or foreclosure. Online bidding closes Tuesday, September 1, 2026, at 1:00 p.m. - the same time the live auction begins at Paragould City Hall, located at 301 N. Court Street in Paragould, Arkansas. Must review all auction terms, conditions, and Midtown Overlay District requirements and restricted covenants before bidding.