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    4215 Johnson Ave Jonesboro, AR 72401

    Sponsored
    For Sale
    $987,938

    High-traffic retail lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.62-acre commercial lot in Jonesboro, Arkansas, presents a remarkable investment opportunity. Located at 4215 E Johnson Ave, in the rapidly growing Hilltop Trade Area, this property boasts significant frontage on Highway 49 North, a major thoroughfare experiencing 35,000 cars per day. Its strategic position near the signalized intersection of Highway 49 North and Airport Road ensures maximum visibility and accessibility. Already zoned for commercial use, this land is ideally suited for a variety of businesses, including restaurants, retail establishments, or office spaces. The property benefits from its proximity to a new $400 million Nea Baptist Healthcare Campus, and is surrounded by a thriving mix of established businesses. These include several major banks (First National Bank, Unico Bank, First Security Bank), medical offices (Hilltop Eyecare, Focus Inc. Counseling Services), and popular national retailers and restaurants such as Demo's BBQ, AutoZone, Burger King, Sonic, Dairy Queen, Arby's, Fat City Grill, Fred's, Camp Pharmacy, and O'Reilly Auto Parts. This prime location, coupled with its high visibility and convenient access, makes this lot an exceptional investment in one of Jonesboro's fastest-growing markets. The asking price is $987,938. The property is situated in Craighead County, Arkansas, zip code 72401.

    Property Features for 4215 Johnson Ave

    General Information

    Property type
    Land
    Lot Size
    70,567 SF

    HighLights

    • Highway 49 North frontage.
    • High traffic count: 35,000 cars per day.
    • Commercially zoned.
    • Prominent location near a major signalized intersection.
    • Adjacent to the $400 million Nea Baptist Healthcare Campus.
    • Excellent location within a thriving commercial area featuring banks, medical offices, restaurants, and retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6472918
    Latitude
    35.8610324

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    FAQs

    What type of property is this?
    Land - High-traffic retail lot, prime location.
    Where is this land located?
    The property is located at 4215 Johnson Ave Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $987,938.
    What are key features of this property?
    This property features: Highway 49 North frontage.; High traffic count: 35,000 cars per day.; Commercially zoned.
    (870) 336-8000
    Request Owner's contact information
    4215 Johnson Ave 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
    4215 Johnson Ave Jonesboro, AR 72401
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