Salon Space with Individual
For Sale
Contact for pricing
603 W Matthews Avenue, Jonesboro, AR 72401
A salon layout includes plumbing for five bowls, two restrooms, and a dedicated break area.
Property Size1,454 SF
Price / SF$1.34
Days on Market153
Property Features for 603 W Matthews Avenue
General Information
Standard status
Active
Size
1,454 SF
Total Parking Spaces
15
Property subtype
Commercial
Zoning
Neighborhood Commercial
Lease Type
Gross
Additional Details
Utilities to Site
Yes
Amenities
Instant Tankless Hot Water Heater
Plumbing set up for 5 salon bowls
Unique lighting and accents
tile and vinyl plank flooring
individual rooms
two restrooms
Washer-Dryer Connections
break area
220 Volt Power
Kitchen Area
Building Details
Building Size
1,454 SF
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Martin Young · License #00071488
(870) 930-9017
Source:
Carolynrussellrealestate
Added: Jun 5
Changed: Nov 3
Last Checked: Nov 3 at 7:38PM
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 Halsey Real Estate
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Investment Insights
Based on property information with market context.
Configured for salon use, the 1,454-square-foot building has individual rooms, plumbing for five salon bowls, two restrooms, and a break area. Washer-dryer connections and an instant tankless water heater are also in place. Tile and vinyl plank flooring finish the interior, with paint refreshed inside and out in 2025.
Electrical and plumbing systems were upgraded in 2016. The property is zoned Neighborhood Commercial and sits at a signalized intersection on W Matthews Avenue in Jonesboro.
Electrical and plumbing systems were upgraded in 2016. The property is zoned Neighborhood Commercial and sits at a signalized intersection on W Matthews Avenue in Jonesboro.
Key Highlights
- 1,454‑square‑foot salon property
- Plumbing configured for 5 salon bowls
- Individual rooms, 2 restrooms, and a break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,386
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,720
$247.7K
Cap Rate 7%
$176,943
$176.9K
Cap Rate 9%
$137,622
$137.6K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$18.8K $12.96/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$17.7K $12.17/SF
− OpEx
−$5.3K −$3.65/SF
NOI
$12.4K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,720
Cap Rate 7%
$176,943
Cap Rate 9%
$137,622
Alternative Uses
Best Use
Retail
$176.9K
$154.8K – $206.4K
NOI $12,386 @ 7.0% cap · market cap 635.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$254.6K
$222.7K – $297.0K
NOI $17,819 @ 7.0% cap · market cap 913.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
2,664 visits/mo
0.3 miles
Cadence Bank
Shops & Services
1,594 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Sana Vita | Cryotherapy, Flotation Therapy, Halo-Therapy, Infrared saunas, Compression therapy | Wellness — 534 W Washington Ave, Jonesboro, AR 72401
- Ktizo — 104 E Monroe Ave, Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Spa & wellness property - A salon layout includes plumbing for five bowls, two restrooms, and a dedicated break area.
Where is this spa & wellness property located?
The property is located at 603 W Matthews Avenue Jonesboro, AR.
What are key features of this property?
This property features: 1,454‑square‑foot salon property; Plumbing configured for 5 salon bowls; Individual rooms, 2 restrooms, and a break area
