Downtown Retail Storefront
240 Union St Jonesboro, AR 72401
240 Union St, Jonesboro, AR, 72401
$349,900
For Sale
$349,900
Retail storefront building with an open floor plan, updated restroom, and strong frontage on Union Street.
Property Size2,250 SF
Price / SF$155.51
Days on Market131
Property Features for 240 Union St
General Information
- Standard status
- Active
- Size
- 2,250 SF
Listing agency
Compass Rose Realty
(870) 253-7218
Listed by
Amanda Meister
(870) 253-7218
Source
Exprealty
Added: Mar 15 Updated: Jul 22 at 12:06PM Checked: Jul 22 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Rose Realty
Investment Insights
Based on property information with market context.
This downtown retail storefront building is offered for sale as the building only and includes an open floor plan with exposed brick, an updated restroom, and industrial-style ceilings accented with antique ceiling tiles. Interior finishes include modern fixtures and contemporary lighting.
The property is listed with excellent frontage along Union Street, supporting strong visibility and accessibility for retail use.
The approximately 2,250-square-foot interior space is provided with the physical improvements described above. The current owner would sell the existing inventory, business name, and established wholesale vendor contacts separately for an additional negotiated price.
The property is listed with excellent frontage along Union Street, supporting strong visibility and accessibility for retail use.
The approximately 2,250-square-foot interior space is provided with the physical improvements described above. The current owner would sell the existing inventory, business name, and established wholesale vendor contacts separately for an additional negotiated price.
Key Highlights
- Approximately 2,250 SF commercial building with an open floor plan
- Updated restroom in the building interior
- Exposed brick and industrial‑style ceilings with antique ceiling tiles
Local Financial Insights For Retail
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 | $29.2k | $12.96 |
| − Vacancy | −$1.8k | −$0.79 |
| EGI | $27.4k | $12.17 |
| − OpEx | −$8.2k | −$3.65 |
| NOI | $19.2k | $8.52 |
2,250 SF · lease $12.96/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$273.8K
$239.6K – $319.5K
NOI $19,167 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Be A Bombshell Cosmetics
Cosmetic Store
Adara Boutique
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- Blossom Events and Florist Jonesboro — 801 Osler Dr C, Jonesboro, AR 72401
FAQs
What type of property is this?
Storefront property - Retail storefront building with an open floor plan, updated restroom, and strong frontage on Union Street.
Where is this storefront property located?
The property is located at 240 Union St Jonesboro, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Approximately 2,250 SF commercial building with an open floor plan; Updated restroom in the building interior; Exposed brick and industrial‑style ceilings with antique ceiling tiles
