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    1720 Old Greensboro Rd Jonesboro, AR 72405-8847

    Sponsored
    For Sale
    $1,250,000

    4.82 Acres, High-Growth Area, $1.25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.82-acre commercial lot in Jonesboro, Arkansas, presents a unique investment opportunity. Located in a rapidly developing area, the property offers significant potential for various commercial ventures. A proposed commercial building design is available, along with plans to expand the existing 81 mini-storage units and 17 outdoor RV storage spaces. The property also includes a revenue-generating tower, currently leased, adding to its overall income potential. The asking price is $1,250,000. Detailed property information, including the proposed building plans, is available upon request. This prime location in Craighead County, at 1720 Old Greensboro Road, zip code 72405-8847, offers excellent visibility and accessibility. The property's size and existing infrastructure make it ideal for a variety of commercial uses, including expansion of the existing storage facilities. This is a rare chance to acquire a substantial commercial property in a high-growth area of Jonesboro. Don't miss this opportunity to secure a valuable asset with strong income potential.

    Property Features for 1720 Old Greensboro Rd

    General Information

    Property type
    Land
    Lot Size
    209,959 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hilltop Self Storage ... Self-Storage Facility

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6468352
    Latitude
    35.8529793

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    FAQs

    What type of property is this?
    Land - 4.82 Acres, High-Growth Area, $1.25M
    Where is this land located?
    The property is located at 1720 Old Greensboro Rd Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,250,000.
    Request Owner's contact information
    1720 Old Greensboro Rd Jonesboro, AR 72405-8847
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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
    1720 Old Greensboro Rd Jonesboro, AR 72405-8847
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