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    2839 Race St Jonesboro, AR 72401

    Sponsored
    For Sale
    $3,000,000

    Prime Jonesboro location, 26,750 SF, high traffic.

    Property size:
    26,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail storefront, totaling 26,750 square feet, presents a rare investment opportunity in Jonesboro, Arkansas. Built in 2014, this single-tenant building sits on a 1.69-acre lot (APN: 01-144283-09000) and boasts a highly visible location at the intersection of Race Street and Red Wolf Boulevard, benefiting from over 32,000 cars passing daily. The property is zoned PD-C and features a convenient loading dock at the rear. Its strategic placement within Jonesboro's primary retail trade area, directly across from the Fairgrounds Redevelopment, places it amongst established national and local retailers such as Academy Sports, Sissy's Log Cabin, and Men's Wearhouse. The surrounding area also offers a variety of dining options, further enhancing foot traffic potential. This freestanding building offers 37 parking spaces and provides unparalleled visibility and accessibility from two major thoroughfares. The asking price is $3,000,000. This is a unique opportunity to acquire a substantial, high-visibility retail space in a thriving commercial area. Don't miss this chance to own a prominent piece of Jonesboro's retail landscape.

    Property Features for 2839 Race St

    General Information

    Property type
    Individual retail properties
    Square Feet
    26,750 SF
    Class
    A
    Lot Size
    73,616 SF

    Building Details

    Year Built
    2014
    Buildings
    1

    HighLights

    • 26,750 SF freestanding building near Red Wolf Blvd.
    • High visibility from Race St. and Red Wolf Blvd.
    • Prime Jonesboro retail location.
    • Over 32,000 vehicles per day exposure.
    • 1.96‑acre site with 37 parking spaces.
    • Concrete loading dock.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Freight - Furniture, ... Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.670643194058
    Latitude
    35.813783081255

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    FAQs

    What type of property is this?
    Individual retail property - Prime Jonesboro location, 26,750 SF, high traffic.
    Where is this individual retail property located?
    The property is located at 2839 Race St Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 26,750 SF freestanding building near Red Wolf Blvd.; High visibility from Race St. and Red Wolf Blvd.; Prime Jonesboro retail location.
    Request Owner's contact information
    2839 Race St Jonesboro, AR 72401
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    Jonesboro, AR 72401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2839 Race St Jonesboro, AR 72401
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