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    130 Leggett St Jonesboro, AR 72401-2221

    Sponsored
    For Sale
    $40,000

    Prime Retail, 12,960 SF, High Traffic

    Property size:
    792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12,960 square foot retail space is located at 6300 Clayton Avenue in St. Louis County. Previously used as a grocery store, this single-tenant property offers significant potential for a variety of businesses. Its prime location within the first floor of a 100-unit apartment building ensures a built-in customer base. The property benefits from its proximity to Forest Park, attracting 13 million visitors annually, and its convenient location just one exit away from Barnes-Jewish Hospital, a major medical center with over 10,000 employees and 1,269 beds. The high traffic volume on Clayton Avenue (12,212 vehicles per day) further enhances the property's visibility and accessibility. The entire space is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a densely populated residential area. This location offers unparalleled access to a large and diverse customer base, making it an ideal investment for a discerning entrepreneur. The property's size and location make it suitable for a wide range of retail uses, offering significant potential for growth and profitability. The building's existing infrastructure provides a solid foundation for a successful business venture.

    Property Features for 130 Leggett St

    General Information

    Property type
    Land
    Square Feet
    792 SF
    Lot Size
    17,511 SF

    HighLights

    • 12,960 SF retail space available in St. Louis County.
    • Single‑tenant occupancy.
    • 12,960 SF vacant space.
    • Located in a high‑traffic area with 12,212 vehicles per day.
    • Former grocery store space.
    • Situated across from Forest Park and near Barnes‑Jewish Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.689598
    Latitude
    35.844916

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    FAQs

    What type of property is this?
    Land - Prime Retail, 12,960 SF, High Traffic
    Where is this land located?
    The property is located at 130 Leggett St Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: 12,960 SF retail space available in St. Louis County.; Single-tenant occupancy.; 12,960 SF vacant space.
    Request Owner's contact information
    130 Leggett St Jonesboro, AR 72401-2221
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    Jonesboro, AR 72401-2221
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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
    130 Leggett St Jonesboro, AR 72401-2221
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