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    Sumo Lp Jonesboro, AR 72401

    Sponsored
    For Sale
    $425,000

    Prime 1-acre commercial lot, ideal build-to-suit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial lot presents a remarkable opportunity in Jonesboro, Arkansas. Located in a high-traffic area between the newly constructed 99-room Residence Inn and American Freight (formerly FFO Home), this property boasts unparalleled visibility and accessibility. Situated on Sumo Loop, it offers convenient access from both Red Wolf Boulevard and Race Street, benefiting from exposure to over 41,000 vehicles daily. The site is part of a larger master-planned development anchored by the successful Sumo Japanese Steakhouse and the recently opened Smalls Sliders. This strategic location places the property across from established restaurants like Red Lobster and Longhorn Steakhouse, ensuring high foot traffic and brand recognition. The property's zoning is PD-C, and its APN is 01-144283-08910. The asking price is $425,000, but the owner is open to a build-to-suit arrangement, valuing the land at $250,000 in such a scenario. This presents a unique opportunity for developers seeking a prime location with high visibility and significant potential for return on investment. The lot is conveniently located near a major signalized intersection, further enhancing its accessibility and appeal. This is a rare chance to secure a highly desirable commercial property in a thriving Jonesboro location.

    Property Features for 0 Sumo Lp

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1 AC pad available between Residence Inn and American Freight.
    • High‑traffic location across from Red Lobster and Longhorn Steakhouse, with over 41,000 cars per day.
    • Prominent location near the signalized intersection of Red Wolf Blvd. and Race St.
    • Build‑to‑suit option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6704279
    Latitude
    35.8123191

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, ideal build-to-suit.
    Where is this land located?
    The property is located at Sumo Lp Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 1 AC pad available between Residence Inn and American Freight.; High-traffic location across from Red Lobster and Longhorn Steakhouse, with over 41,000 cars per day.; Prominent location near the signalized intersection of Red Wolf Blvd. and Race St.
    (870) 284-4448
    Request Owner's contact information
    Sumo Lp 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
    Sumo Lp Jonesboro, AR 72401
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