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    2712 Caraway Rd Jonesboro, AR 72401

    Sponsored
    For Sale
    $850,100

    Prime Jonesboro commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.95-acre commercial land parcel presents a remarkable investment opportunity in Jonesboro, Arkansas. Strategically located at 2712 S Caraway Lot 5, 72401, this property enjoys a high-visibility position directly behind established businesses Casa Maya and Tokyo House on a major thoroughfare, S Caraway Road. The area boasts a thriving commercial landscape, with nearby businesses including Enterprise, German Auto Tech, and Aldi, indicating strong existing demand and potential for future growth. The property's adjacency to other developing land further enhances its appeal. This versatile lot offers developers significant flexibility; it can be replatted to accommodate smaller or larger projects, catering to diverse development needs. All utilities are readily available, and the developer has already completed all necessary water detention, streamlining the development process and minimizing potential delays. This prime location and the property's inherent flexibility make it an ideal site for a wide range of commercial ventures, promising substantial returns for the discerning investor. The asking price is $850,100. Don't miss this chance to secure a piece of Jonesboro's vibrant commercial landscape.

    Property Features for 2712 Caraway Rd

    General Information

    Property type
    Land
    Lot Size
    84,942 SF

    HighLights

    • $850,100 asking price.
    • 1.95‑acre commercial land parcel.
    • Located at 2712 S Caraway Lot 5, Jonesboro, AR 72401.
    • Prime location near major businesses on S Caraway Road, a high‑traffic thoroughfare.
    • Utilities available; water detention complete.
    • Replatting options available for smaller or larger parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6753557
    Latitude
    35.8129861

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    FAQs

    What type of property is this?
    Land - Prime Jonesboro commercial lot, high traffic area.
    Where is this land located?
    The property is located at 2712 Caraway Rd Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $850,100.
    What are key features of this property?
    This property features: $850,100 asking price.; 1.95-acre commercial land parcel.; Located at 2712 S Caraway Lot 5, Jonesboro, AR 72401.
    Request Owner's contact information
    2712 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
    2712 Caraway Rd Jonesboro, AR 72401
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