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Downtown Commercial Development Site
For Sale
$250,000

238 & 228 Union St, Jonesboro, AR 72401

Commercial / Industrial, Jonesboro, AR

Property Size9,000 SF
Lot Size0.21 Acres
Price / SF$27.78
Days on Market260

Property Features for 238 & 228 Union St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Central Business, Mixed Use Commercial
Parking 30
Exterior features Wheelchair Accessible
Accessibility Accessible Approach with Ramp
Subdivision Not in List
Lot features Level, City Lot, Interior Lot, Recreational, Sidewalks
Directions Driving from I 55 take the southwest drive exit. Drive down southwest drive as it turns into main street. Stop at the light at Cate and main and turn left. Turn left at stop sign. Parcels will be located on the left.
Standard status Active
APN 0114418353200&01-144183-53100
Size 9,000 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 10, 11, 12, 13
Tax Annual Amount 1401
Legal Description 10, 11, 12, 13

Building Details

Floors in Building 1
Flooring type Concrete
Listing Agency: Compass Rose Realty
Listed By: Amanda Meister
Added: Jan 18 Changed: Oct 5 Last Checked: Oct 5 at 1:06PM
MLS# 26002757

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

At 228 and 238 Union Street, this 0.21-acre commercial land offering is presented for ground-up development. The property is offered as-is and measures approximately 9,000 square feet. The remarks estimate capacity for about 30 parking spaces.

Located in Jonesboro’s Downtown Entertainment District, the site is near restaurants, entertainment venues, and established commercial corridors. The property is identified as C-1* zoning, with estimated daily traffic counts of 7,000-plus.

Potential concepts identified for the property include retail, office or professional space, warehouse use, mixed-use development, and multi-unit residential projects.

Key Highlights

  • 0.21‑acre commercial land parcel
  • Approximately 9,000 +/- sf
  • Estimated capacity for 30 +/- parking spaces

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Computer & Electronic Repair Kitchen & Bath Showroom Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,002
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 99% Home Improvements & Furnishings 1%
Dollar General Shops & Services
8,793 visits/mo 0.2 miles
Exxon Shops & Services
5,672 visits/mo 0.3 miles
O'Reilly Auto Parts Shops & Services
3,391 visits/mo 0.2 miles
Exxon Shops & Services
2,664 visits/mo 0.2 miles
Cadence Bank Shops & Services
1,594 visits/mo 0.3 miles

Demographics for 72401, AR

43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - The downtown parcel is offered as-is and identified for several potential commercial, residential, and mixed-use development paths.
Where is this commercial land located?
The property is located at 238 & 228 Union St Jonesboro, AR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 0.21‑acre commercial land parcel; Approximately 9,000 +/- sf; Estimated capacity for 30 +/- parking spaces
More about this property
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