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    5 Block C Southern Hl Jonesboro, AR 72404

    Sponsored
    For Sale
    $1,006,236

    Prime 1.1-acre C-3 zoned lot; high-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.1-acre commercial lot, located at Lot 5 Block C Southern Hills in Jonesboro, Arkansas (zip code 72404), presents a unique investment opportunity. Zoned C-3, this property benefits from significant ongoing development in the Southern Hills area. Completed pedestrian infrastructure, including bike trails and sidewalks, enhances accessibility and appeal. Commercial construction is already underway, alongside the development of approximately 31 new residential homes. Further fueling growth, construction is slated to begin in 2024 on 192 Class A multi-family units, with an additional 300 Class A units planned for 2027. This translates to a total of 647 new residential units, significantly increasing the population and demand in the immediate vicinity. The area's infrastructure is also being upgraded, with a planned three-lane connection from South Culberhouse to Southwest Drive aimed at alleviating traffic congestion. Applications are in progress for a traffic signal at Southwest Drive and South Ridge, and improvements are planned for the intersection of Southwest Drive and Kellers Chapel Road. The asking price is $1,006,236, representing a cost of approximately $21 per square foot. This property offers exceptional potential for immediate development and long-term appreciation in a rapidly expanding market.

    Property Features for 5 Block C Southern Hl

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • $1,006,236 asking price for 1.1‑acre commercial land parcel.
    • C‑3 zoning.
    • Located at Lot 5 Block C Southern Hills, Jonesboro, AR 72404.
    • Surrounding development includes completed pedestrian infrastructure, ongoing commercial construction, and approximately 31 new residential homes under construction.
    • Future development includes 192 Class A multi‑family units (construction to begin in 2024) and an additional 300 Class A multi‑family units (construction to begin in 2027), totaling 647 units.
    • $21 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.727928710254
    Latitude
    35.800421613272

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    FAQs

    What type of property is this?
    Land - Prime 1.1-acre C-3 zoned lot; high-growth area.
    Where is this land located?
    The property is located at 5 Block C Southern Hl Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,006,236.
    What are key features of this property?
    This property features: $1,006,236 asking price for 1.1-acre commercial land parcel.; C-3 zoning.; Located at Lot 5 Block C Southern Hills, Jonesboro, AR 72404.
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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
    5 Block C Southern Hl Jonesboro, AR 72404
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