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    311 S Main St Jonesboro, AR 72401

    For Sale
    $2,250,000

    Mixed Use - Jonesboro, AR

    Type:Mixed Use
    Property size:
    20,000 SF
    Lot size:
    0.17 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 311 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Parking
    200
    Parking features
    On Street, Paved or Surfaced
    Interior features
    Kitchen Area, Living Area, In-unit Bathroom, Living Space Included, Stairs
    Size
    20,000 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    3
    Flooring type
    Carpet, Carpet - Partial, Tile, Vinyl, Wood
    Building materials
    Brick
    Architectural style
    Other

    New Horizon Real Estate (870) 926-6611

    Listing agent Mark Flowers (870) 336-0033

    Listing date Oct 12, 2025

    MLS# 25041012 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Mixed-Use Building in Jonesboro

    This mixed-use commercial building is located in historic downtown Jonesboro. The street level features 17 offices, most of which have been renovated, renting for $400 to $600 per month including utilities. A boutique store is also located on the street level and is available for sale as a business, with an estimated rental potential of $2,500 per month. The back salon on the ground floor, equipped with modern amenities, has a rental potential of approximately $800 per month. The 6,700 square foot basement contains a newly renovated restaurant space with updated ceiling tiles, flooring, countertops, and bathrooms. The restaurant is leased for $5,000 per month with utilities included under a new 3-year term. The restaurant handles renovations and maintenance and is fully handicap accessible. The top floor is currently vacant and suitable for event rentals, a small bar, or an Airbnb. It could also be split into multiple units to maximize rental profits. The property is located in an opportunity zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Delightful Bites Bakery Sahara Rose boutique Boutique NEA Content Marketing Agency Mr. Fadeaway Barber Shop TheraVida Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.705178
    Latitude
    35.83981

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    FAQs

    What type of property is this?
    Mixed-use property - Multi-level commercial building with income potential in historic downtown.
    Where is this mixed-use property located?
    The property is located at 311 S Main St Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Steady income stream from 17 street-level offices, boutique store, and basement restaurant.; - Newly renovated 6,700 sq ft basement restaurant space leased for $5,000/month under a new 3-year term.; - Top floor offers endless possibilities for event rentals, a bar, Airbnb, or multiple rental units.
    (870) 336-0033
    Request Owner's contact information
    311 S Main St Jonesboro, AR 72401
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    Jonesboro, AR 72401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 S Main St Jonesboro, AR 72401
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