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    Caraway Rd Jonesboro, AR 72401

    Sponsored
    For Sale
    $1,095,000

    2.38 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 2.38-acre commercial land parcel in Jonesboro, Arkansas, presents a unique investment opportunity. Located on South Caraway Road, this property boasts a prime location within Craighead County's bustling hospitality district, near the intersection of major thoroughfares and just seconds from I-555, ensuring high visibility and accessibility. The C-3 zoning allows for a multitude of business ventures, capitalizing on its proximity to established local, regional, and national retail, service, and hospitality businesses. This strategically positioned land offers significant potential for development or investment, benefiting from its placement in Jonesboro's premier retail district and at the west entrance to a large section of the city's hospitality sector. The property's high traffic count and convenient access to major transportation routes make it an attractive asset for businesses seeking a prominent location. With APN numbers 01-144283-08500 and 01-144283-08400, this 72401 zip code address offers unparalleled potential for growth and return on investment. The asking price is $1,095,000. Don't miss this chance to acquire a piece of Jonesboro's thriving commercial landscape.

    Property Features for 0 Caraway Rd

    General Information

    Property type
    Land
    Lot Size
    103,673 SF

    HighLights

    • $1,095,000 asking price for 2.38 acres of commercial land.
    • C‑3 zoning.
    • High‑traffic location near major intersection, neighboring established retail and hospitality businesses.
    • Situated in Jonesboro's premier retail district, at the west entrance to the hospitality district.
    • Prime location for diverse business opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.677641
    Latitude
    35.811738

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    FAQs

    What type of property is this?
    Land - 2.38 Acres, High-Traffic Location
    Where is this land located?
    The property is located at Caraway Rd Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: $1,095,000 asking price for 2.38 acres of commercial land.; C-3 zoning.; High-traffic location near major intersection, neighboring established retail and hospitality businesses.
    Request Owner's contact information
    Caraway Rd 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
    Caraway Rd Jonesboro, AR 72401
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