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    5512 Johnson Ave Jonesboro, AR 72401

    Sponsored
    For Sale
    $2,180,610

    8.52 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 8.52-acre commercial land parcel presents a unique investment opportunity in Jonesboro, Arkansas. Strategically located at the entrance to Ridgecrest Rehab, a state-of-the-art nursing home, and adjacent to NEA Baptist’s Medical Campus, the largest medical project in Arkansas over the past decade, this property boasts unparalleled visibility and accessibility. Situated on Highway 49 North, it enjoys exposure to over 19,000 vehicles daily. The site comprises four commercial tracts, with Lot 1 (2.24 acres) and Lot 2 (2.00 acres) already sold. Lots 3 (2.02 acres) and 4 (2.26 acres) remain available, offering build-to-suit options for medical or retail development. City utilities and street infrastructure are readily available, ensuring seamless development. This prime location is part of a larger master-planned project in a rapidly growing area, served by the Brookland School District, which is experiencing significant expansion due to the area's economic boom. The property's high traffic count, proximity to a major medical campus and a new nursing home, and build-to-suit availability make it an ideal investment for developers seeking high-return opportunities in a thriving market. The asking price is $2,180,610. This is a rare chance to capitalize on the explosive growth in Northeast Arkansas's medical and commercial sectors.

    Property Features for 5512 Johnson Ave

    General Information

    Property type
    Land
    Lot Size
    371,131 SF

    HighLights

    • Excellent location near Arkansas' largest recent medical development.
    • Highway 49 N frontage.
    • Utilities and street infrastructure included.
    • Adjacent to a new, modern nursing care facility.
    • Situated within the largest master‑planned development along the thriving Highway 49 N corridor.
    • Build‑to‑suit options available for medical or retail users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6254687
    Latitude
    35.8649038

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    FAQs

    What type of property is this?
    Land - 8.52 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 5512 Johnson Ave Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $2,180,610.
    What are key features of this property?
    This property features: Excellent location near Arkansas' largest recent medical development.; Highway 49 N frontage.; Utilities and street infrastructure included.
    (870) 336-8000
    Request Owner's contact information
    5512 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
    5512 Johnson Ave Jonesboro, AR 72401
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