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    1801 Caraway Rd Jonesboro, AR 72401

    Sponsored
    For Sale
    $2,400,000

    Prime 3.11-acre development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 3.11-acre commercial land parcel presents a unique investment opportunity in Jonesboro, Arkansas. Located at 1801 S. Caraway Rd, this highly visible site sits within "The Uptown," a thriving retail destination anchored by a 125,000 square foot Kroger Marketplace, and surrounded by popular retailers including Gamble Home and Gearhead Outfitters. The property boasts unparalleled visibility, experiencing traffic exceeding 44,000 cars daily at Jonesboro's largest regional intersection. Development potential is significant, with plans allowing for up to 36,000 square feet of construction. Detailed renderings and site plans are available for review. This prime location offers immediate access to a substantial consumer base within a dynamic and rapidly growing retail corridor, making it ideal for a variety of commercial developments. The property's strategic placement between major retailers and high traffic counts ensures maximum exposure and potential for significant return on investment. This is a rare opportunity to acquire a premier commercial site in a flourishing area of Jonesboro, offering exceptional visibility and development potential. The asking price is $2,400,000.

    Property Features for 1801 Caraway Rd

    General Information

    Property type
    Land
    Lot Size
    135,472 SF

    HighLights

    • 3.113‑acre commercial land parcel at 1801 S. Caraway Road, Jonesboro, AR.
    • Located in The Uptown development, between Gamble Home/Gearhead Outfitters and a 125,000 sq ft Kroger Marketplace.
    • Development potential of up to 36,000 square feet; site plans available.
    • Situated at Jonesboro's highest traffic regional intersection.
    • High visibility with over 44,000 vehicles passing daily.
    • Anchored by a major 125,000 sq ft Kroger Marketplace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6797263
    Latitude
    35.8228685

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    FAQs

    What type of property is this?
    Land - Prime 3.11-acre development site
    Where is this land located?
    The property is located at 1801 Caraway Rd Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 3.113-acre commercial land parcel at 1801 S. Caraway Road, Jonesboro, AR.; Located in The Uptown development, between Gamble Home/Gearhead Outfitters and a 125,000 sq ft Kroger Marketplace.; Development potential of up to 36,000 square feet; site plans available.
    (870) 284-4448
    Request Owner's contact information
    1801 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
    1801 Caraway Rd Jonesboro, AR 72401
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