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    4818 Highland Dr Jonesboro, AR 72401

    Sponsored
    For Sale
    $625,000

    Prime location, high traffic, vacant bank.

    Property size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 4818 E Highland Dr, Jonesboro, AR 72401, presents a unique investment opportunity. The 1,250 square foot building sits on a 1.29-acre lot in Jonesboro's thriving Industrial Trade Region, boasting 275 feet of road frontage and high visibility to 16,000 cars per day. Currently vacant, the single-story structure was previously used as a bank, featuring four covered drive-thru lanes. The property is zoned C-3, offering flexibility for various uses, whether maintaining its current configuration or undertaking redevelopment. Its prime location on a main highway ensures easy access and excellent exposure, benefiting from the proximity to established businesses like Hytrol, Kum & Go, and Swanner Furniture, as well as major retailers such as JCPenney, Dillard's, and Target. The area enjoys steady growth and benefits from the city's commitment to infrastructure improvements. The asking price is $625,000. This property offers a compelling opportunity to establish a strong commercial presence in a dynamic and supportive environment. The APN is 01-144233-18700.

    Property Features for 4818 Highland Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,250 SF
    Lot Size
    56,280 SF

    Building Details

    Stories
    1
    Units
    1

    HighLights

    • Great location in Jonesboro's Industrial Trade Region.
    • High visibility to 16,000 cars per day (CPD).
    • 1,250 SF building on a 1.29‑acre lot with 275 feet of road frontage; adaptable for existing use or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Accounting Firm Skin Care Clinic Auto Repair Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.636805814818
    Latitude
    35.820946533607

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high traffic, vacant bank.
    Where is this individual retail property located?
    The property is located at 4818 Highland Dr Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Great location in Jonesboro's Industrial Trade Region.; High visibility to 16,000 cars per day (CPD).; 1,250 SF building on a 1.29-acre lot with 275 feet of road frontage; adaptable for existing use or redevelopment.
    Request Owner's contact information
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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
    4818 Highland Dr Jonesboro, AR 72401
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