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Property profile & analytics
FOR SALE
Outlet malls

316 E Johnson Ave Jonesboro, AR 72401

7,708 SF 0.2 ac lot
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US05-1490605
Property summary
AI-generated overview

This exceptional 7,708-square-foot retail property, located at 316 Johnson Avenue in Jonesboro, Arkansas, presents a unique investment opportunity. Currently leased to a local church, this single-tenant building sits on a 0.4-acre lot and offers significant potential for a variety of commercial uses. The property boasts a highly visible location within Craighead County, benefiting from an impressive average daily traffic count exceeding 17,000 vehicles. The building's zoning designation is I-1, allowing for a range of commercial possibilities. The substantial square footage provides ample space for a diverse array of businesses. This is an excellent opportunity to acquire a well-situated commercial property in a thriving Arkansas market. The property's history as a former Family Dollar store speaks to its proven retail viability. The substantial size and high traffic volume make this an attractive option for businesses seeking a strong presence in Jonesboro. The property's location within Craighead County, coupled with its convenient access and high visibility, ensures maximum exposure to potential customers. This is a rare opportunity to own a significant retail space in a dynamic and growing community. The 0.4-acre lot offers potential for future expansion or development. Serious inquiries are encouraged.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 7,708 SF
Lot 0.2 ac (8,712 SF)
APN 01-144181-00900
UPID US05-1490605
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kingdom Nation Ministries Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jackie Taylor · 15 yrs held
Jackie Taylor
since 2011
6 recorded transactions
2011
$30,000
2010
Price N/A
2009
$141
2009
Price N/A
2006
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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