Downtown Jonesboro Mixed-Use
311 Union Street, Jonesboro, AR 72401
Mixed Use - Jonesboro, AR
Type:Mixed Use
Property size:
13,544 SFLot size:
0.13 AcresPrice / SF:
$88/SF- Added:
- Mar 13, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 311 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- C-1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Security features
- Fire Sprinkler System
- Interior features
- Fire Sprinkler System, Window Coverings
- Standard status
- Active
- APN
- 01-144183-31800
- Size
- 13,544 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2025
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Building materials
- Brick, Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Kevin Kercheval License #00056142 (870) 926-3225
Listing office Coldwell Banker Village Communities Inc 2704 S Culberhouse #a, Jonesboro, AR (870) 935-7800
Listing date Mar 13, 2026
MLS# 10128261
Listing URL
Copyright © 2026 Northeast Arkansas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown Jonesboro location.
- Substantial commercial building with +/- 13,544 SF.
- Excellent opportunity for owner‑user or investor.
- Adjacent to a public parking lot.
- Fire sprinkler system installed.
- Brick and metal siding construction.
Overview
Located in the heart of Downtown Jonesboro, this mixed-use property at 311 Union Street offers approximately 13,544 square feet of space. The building has historically served as a key facility for Abilities Unlimited. The property presents an opportunity for an owner-user or investor to acquire a commercial asset in a prime downtown location. The property is adjacent to a public parking lot.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.8k | $13.20 |
| − Vacancy | −$14.3k | −$1.06 |
| EGI | $164.5k | $12.14 |
| − OpEx | −$61.7k | −$4.55 |
| NOI | $102.8k | $7.59 |
13,544 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.47M
$1.28M – $1.71M
NOI $102,799 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,984 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Abilities Unlimited Thrift ...
Discount Store
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.706253
- Latitude
- 35.839919
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 13,544 SF mixed-use building in the heart of Downtown Jonesboro.
Where is this mixed-use property located?
The property is located at 311 Union Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime downtown Jonesboro location.; Substantial commercial building with +/- 13,544 SF.; Excellent opportunity for owner‑user or investor.
