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    2 Block D Southern Hl Jonesboro, AR 72404

    For Sale
    $5,227,200

    Prime Jonesboro commercial lot, C-3 zoning. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10-acre commercial lot, designated Lot 2 Block D Southern Hills in Jonesboro, Arkansas, presents a remarkable investment opportunity. Located in the rapidly developing Southern Hills area, this C-3 zoned property offers significant potential for various commercial ventures. The area is experiencing substantial growth, with ongoing infrastructure improvements designed to alleviate traffic congestion. These improvements include a projected three-lane connection from South Culberhouse to Southwest Drive, an application for a traffic signal at Southwest Drive and South Ridge, and planned improvements to the intersection of Southwest Drive and Kellers Chapel Road. The site benefits from completed pedestrian infrastructure, including bike trails and sidewalks. Furthermore, the surrounding area is witnessing significant construction activity, including the commencement of commercial buildings, the construction of approximately 31 new residential homes, and future plans for 192 Class A multi-family units starting in 2024 and an additional 300 Class A multi-family units beginning in 2027. This translates to a total projected rooftop count of 647 units. The asking price is $5,227,200, representing a cost of $12 per square foot. This property offers unparalleled access to a thriving community and a bright future for commercial development in Jonesboro, Arkansas. The zip code is 72404.

    Property Features for 2 Block D Southern Hl

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial lot in Jonesboro, AR (72404), Lot 2 Block D Southern Hills, C‑3 zoning.
    • Completed pedestrian infrastructure including bike trails and sidewalks.
    • Commercial construction underway.
    • 31 new residential homes under construction.
    • 192 Class A multi‑family units commencing construction in 2024.
    • 300 additional Class A multi‑family units commencing construction in 2027, totaling 647 new residential units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.72904729986
    Latitude
    35.79966718363

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    FAQs

    What type of property is this?
    Land - Prime Jonesboro commercial lot, C-3 zoning. High-growth area.
    Where is this land located?
    The property is located at 2 Block D Southern Hl Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $5,227,200.
    What are key features of this property?
    This property features: 10-acre commercial lot in Jonesboro, AR (72404), Lot 2 Block D Southern Hills, C-3 zoning.; Completed pedestrian infrastructure including bike trails and sidewalks.; Commercial construction underway.
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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
    2 Block D Southern Hl Jonesboro, AR 72404
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