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    3700 Johnson Ave Jonesboro, AR 72401

    Sponsored
    For Sale
    $2,436,505

    Jonesboro, AR development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.43-acre commercial land parcel in Jonesboro, Arkansas, presents a prime investment opportunity. Strategically located on Highway 49 North, this high-traffic area boasts over 32,000 cars daily, ensuring maximum visibility for your business. The property comprises two lots: a 1-acre lot with 130 feet of Highway 49 frontage, and a 1.43-acre corner lot offering 141 feet of Highway 49 frontage and over 350 feet of frontage on Visions Avenue. Both lots are priced at $23 per square foot. This thriving location is experiencing significant growth fueled by the recent opening of the NEA Baptist Healthcare System Campus, attracting both commercial and residential development. The property benefits from its proximity to numerous established restaurants, retailers, and businesses, including the newly opened First National Financial Park and the Songbird Development. It's also directly across from the only grocery store in the Hilltop area, and adjacent to a new Tommy's Express Car Wash, further enhancing the area's appeal and traffic flow. Multiple access points along Highway 49 North and easy access to Highway 351 provide excellent connectivity. This is an unparalleled chance to capitalize on the booming growth and high visibility of this prime Jonesboro location. The asking price for the entire property is $2,436,505.

    Property Features for 3700 Johnson Ave

    General Information

    Property type
    Land
    Lot Size
    105,851 SF

    HighLights

    • High‑visibility location adjacent to three major developments.
    • Strong growth trajectory fueled by the recent NEA Baptist Healthcare Campus opening.
    • Exceptional highway frontage: over 2,700 feet on Hwy 49 North.
    • High daily traffic count: over 32,000 cars per day.
    • Convenient access to Hwy 49 North and Hwy 351.
    • Prime location opposite the area's sole grocery store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.653826
    Latitude
    35.859609

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    FAQs

    What type of property is this?
    Land - Jonesboro, AR development opportunity.
    Where is this land located?
    The property is located at 3700 Johnson Ave Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $2,436,505.
    What are key features of this property?
    This property features: High-visibility location adjacent to three major developments.; Strong growth trajectory fueled by the recent NEA Baptist Healthcare Campus opening.; Exceptional highway frontage: over 2,700 feet on Hwy 49 North.
    (870) 336-8000
    Request Owner's contact information
    3700 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
    3700 Johnson Ave Jonesboro, AR 72401
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