303 S Main St Jonesboro, AR 72401
Mixed-use property with restaurant and redevelopment potential in downtown Jonesboro.
- Added:
- May 15, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 2 at 8:07 am
Property Features for 303 S Main St
General Information
- Standard status
- Active
- Size
- 5,379 SF
- Property subtype
- Special Purpose
Listing office CENTURY 21 PORTFOLIO
Listing date May 15, 2026
Source Crexi
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 CENTURY 21 PORTFOLIO
Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Jonesboro location in a high‑visibility area.
- Mixed‑use property with a fully operating restaurant space.
- Expansive upper floor ready for redevelopment into office suites, studio space, apartments, or live/work space.
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 | $71.0k | $13.20 |
| − Vacancy | −$5.7k | −$1.06 |
| EGI | $65.3k | $12.14 |
| − OpEx | −$24.5k | −$4.55 |
| NOI | $40.8k | $7.59 |
