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    3 Block D Southern Hl Jonesboro, AR 72404

    Sponsored
    For Sale
    $827,640

    Prime 1-acre C-3 zoned lot. Excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1-acre commercial lot, designated as Lot 3 Block D Southern Hills in Jonesboro, Arkansas (zip code 72404), presents a remarkable investment opportunity. Located within the thriving Southern Hills Development, this C-3 zoned property offers unparalleled potential for a variety of commercial ventures. The Southern Hills Development is a master-planned community featuring a network of pedestrian walkways and bike trails, connecting residents to retail and recreational amenities. The development boasts a new Kum & Go convenience store, and is poised for significant growth with the upcoming construction of a 500-unit Class A apartment complex and 165 single-family homes. This will result in a total of 665 rooftops within the immediate vicinity, creating a substantial consumer base for commercial businesses. Three commercial centers, ranging from 10,000 to 60,000 square feet, are also planned, further enhancing the area's commercial appeal. The development's infrastructure, including roads, is nearing completion, and a new three-lane connection between South Culberhouse and Southwest Drive is projected to alleviate traffic congestion. This property's strategic location and the surrounding development's rapid expansion make it an ideal investment for discerning buyers seeking high-growth potential in a vibrant and rapidly developing community. The asking price for this exceptional opportunity is $827,640.

    Property Features for 3 Block D Southern Hl

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial lot in Jonesboro, AR (72404), C‑3 zoning.
    • New Kum & Go convenience store on‑site.
    • Upcoming construction of a 500‑unit Class A apartment complex.
    • Upcoming construction of 165 single‑family homes.
    • Total of 665 residential units planned.
    • Three planned commercial centers (10,000‑60,000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.7722974
    Latitude
    35.8037083

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    FAQs

    What type of property is this?
    Land - Prime 1-acre C-3 zoned lot. Excellent investment.
    Where is this land located?
    The property is located at 3 Block D Southern Hl Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $827,640.
    What are key features of this property?
    This property features: 1-acre commercial lot in Jonesboro, AR (72404), C-3 zoning.; New Kum & Go convenience store on-site.; Upcoming construction of a 500-unit Class A apartment complex.
    Request Owner's contact information
    3 Block D Southern Hl Jonesboro, AR 72404
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    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
    3 Block D Southern Hl Jonesboro, AR 72404
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