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    2901 Highland Dr Jonesboro, AR 72401

    Sponsored
    For Sale
    $1,139,530

    Prime 2.18-acre retail lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.18-acre commercial land parcel presents a rare investment opportunity in Jonesboro, Arkansas. Located at 2901 E Highland Dr, 72401, this property boasts a highly desirable location at a major intersection, experiencing over 51,000 cars per day. Its strategic position directly behind a Krispy Kreme and adjacent to Centennial Bank's main campus ensures high visibility and accessibility. The site benefits from multiple access points and backs up to the Fairgrounds redevelopment, sharing its access without the Fairgrounds' existing ECR agreements. This prime location has been sought after by restaurants and retailers for over a decade, making it ideal for a variety of commercial developments. The land is priced at $1,139,530, with a land value of $12 per square foot. This property offers unparalleled exposure and potential for significant return on investment in a thriving retail area of Jonesboro, situated less than 475 feet from the signalized intersection of Red Wolf Boulevard and Highland Drive, the city's main east/west and north/south thoroughfares. Don't miss this chance to acquire a highly sought-after commercial lot in a rapidly growing market.

    Property Features for 2901 Highland Dr

    General Information

    Property type
    Land
    Lot Size
    94,961 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Centennial Bank Bank Reynolds Randy Insurance Agency Valentine Ashley Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -90.6699589
    Latitude
    35.8204389

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    FAQs

    What type of property is this?
    Land - Prime 2.18-acre retail lot, high traffic.
    Where is this land located?
    The property is located at 2901 Highland Dr Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,139,530.
    (870) 336-8000
    Request Owner's contact information
    2901 Highland Dr 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
    2901 Highland Dr Jonesboro, AR 72401
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