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    Southern Hills Ln Jonesboro, AR 72401

    Sponsored
    For Sale
    $1,024,531

    1.12-acre C-3 zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.12-acre commercial land parcel, located in Jonesboro, Arkansas's thriving Southern Hills development (Craighead County, zip code 72401), presents a unique investment opportunity. Zoned C-3, this property offers significant potential for various commercial ventures. The asking price is $1,024,531, reflecting a land value of $21 per square foot. The site benefits from completed pedestrian infrastructure, including bike trails and sidewalks, and is situated within a rapidly growing area. Construction has already begun on surrounding commercial properties, and residential development is well underway, with approximately 31 new homes currently under construction and plans for 500+ additional Class A multi-family units by 2027. This surge in residential development promises increased foot traffic and a robust consumer base for future commercial establishments. Furthermore, planned infrastructure improvements, including a three-lane road connection to alleviate traffic congestion and a new traffic signal at a key intersection, will enhance accessibility and visibility. This property offers a compelling combination of prime location, favorable zoning, and significant growth potential within a dynamic and expanding community.

    Property Features for 0 Southern Hills Ln

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • $1,024,531 asking price for 1.12 acres of C‑3 zoned commercial land.
    • Located in Jonesboro, AR (72401), in the Southern Hills development.
    • Land price is $21 per square foot.
    • Surrounding development includes completed pedestrian infrastructure, ongoing commercial construction, and new residential construction (31 homes underway, 192 and 300 additional multi‑family units planned).
    • Projected traffic improvements include a 3‑lane road connection and new traffic signals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.725819470779
    Latitude
    35.799112833943

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    FAQs

    What type of property is this?
    Land - 1.12-acre C-3 zoned lot, prime location.
    Where is this land located?
    The property is located at Southern Hills Ln Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,024,531.
    What are key features of this property?
    This property features: $1,024,531 asking price for 1.12 acres of C-3 zoned commercial land.; Located in Jonesboro, AR (72401), in the Southern Hills development.; Land price is $21 per square foot.
    Request Owner's contact information
    Southern Hills Ln 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
    Southern Hills Ln Jonesboro, AR 72401
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