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    1246 Jaxon Dr Jonesboro, AR 72404

    Sponsored
    For Sale
    $684,763

    Prime Jonesboro commercial lot, C-3 zoning, 1.31 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.31-acre commercial lot, located at 1246 Jaxon Drive in Jonesboro, Arkansas (72404), presents a unique investment opportunity within the burgeoning Southern Hills Development. Zoned C-3, this property offers significant potential for a variety of commercial uses. The lot is part of the thriving Southern Hills community, experiencing substantial growth and development. Infrastructure improvements are underway, including a three-lane connection from South Culberhouse to Southwest Drive designed to alleviate traffic congestion. Applications for a traffic signal at Southwest Drive and South Ridge are in progress, and improvements to the intersection of Southwest Drive and Kellers Chapel Road are planned. The area boasts completed pedestrian amenities such as bike trails and sidewalks. Commercial construction is already underway, complemented by the ongoing construction of approximately 31 new residential homes. Future development includes the construction of 192 Class A multi-family units beginning in 2024, and an additional 300 Class A multi-family units commencing in 2027. This translates to a total projected rooftop count of 647 units, underscoring the significant growth potential of this location. The asking price reflects a rate of $12 per square foot. This property is ideally situated to capitalize on the expanding commercial landscape of Jonesboro, Arkansas. Lot 2, Block L, Southern Hills.

    Property Features for 1246 Jaxon Dr

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • 1.31‑acre commercial lot in Jonesboro, AR (72404), zoned C‑3.
    • Completed pedestrian amenities including bike trails and sidewalks.
    • Commercial construction underway.
    • 31 new residential homes under construction.
    • 192 Class A multi‑family units commencing construction in 2024 and an additional 300 in 2027, totaling 647 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.725344251194
    Latitude
    35.801582231307

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    FAQs

    What type of property is this?
    Land - Prime Jonesboro commercial lot, C-3 zoning, 1.31 acres.
    Where is this land located?
    The property is located at 1246 Jaxon Dr Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $684,763.
    What are key features of this property?
    This property features: 1.31-acre commercial lot in Jonesboro, AR (72404), zoned C-3.; Completed pedestrian amenities including bike trails and sidewalks.; Commercial construction underway.
    Request Owner's contact information
    1246 Jaxon Dr 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
    1246 Jaxon Dr Jonesboro, AR 72404
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