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    Cor Of Parkwood Dr & Fair Park Blvd Jonesboro, AR 72401

    Sponsored
    For Sale
    $2,900,000

    6.49 Acres, High-Traffic Area, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 6.49-acre commercial land parcel presents a rare opportunity for retail development in Jonesboro, Arkansas. Located at the corner of Parkwood Drive and Fair Park Boulevard (zip code 72401), this property boasts unparalleled visibility and accessibility. Situated within Jonesboro's thriving retail sector, the site benefits from its location along Red Wolf Boulevard, experiencing daily traffic counts exceeding 34,000 vehicles, and Race Street with 11,000 vehicles daily. The property is development-ready, with existing infrastructure and commercial zoning in place. Its strategic position offers excellent exposure, bordered by established businesses such as Kohl's, Lowe's, and numerous restaurants and retailers. A portion of the land (1.02 acres) is ideal for a standalone building up to 3,500 square feet, while the entire 6.49-acre tract offers significant potential for a larger-scale development. This prime location, with its high traffic counts and proximity to major retailers, makes this a truly unique investment opportunity in Northeast Arkansas. The asking price is $2,900,000. This is the only remaining hard corner lot in the development.

    Property Features for 0 Cor Of Parkwood Dr & Fair Park Blvd

    General Information

    Property type
    Land
    Lot Size
    282,704 SF

    HighLights

    • Prime retail development opportunity in Northeast Arkansas' most exciting big‑box area.
    • Adjacent to a major big‑box retailer.
    • High visibility on Jonesboro's main north/south and east/west thoroughfares.
    • Multiple signalized access points.
    • Daily traffic counts exceeding 32,000 vehicles.
    • 6.49 acres of premier retail land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.673411901405
    Latitude
    35.816166362569

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    FAQs

    What type of property is this?
    Land - 6.49 Acres, High-Traffic Area, Development Ready
    Where is this land located?
    The property is located at Cor Of Parkwood Dr & Fair Park Blvd Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Prime retail development opportunity in Northeast Arkansas' most exciting big-box area.; Adjacent to a major big-box retailer.; High visibility on Jonesboro's main north/south and east/west thoroughfares.
    (870) 284-4448
    Request Owner's contact information
    Cor Of Parkwood Dr & Fair Park Blvd 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
    Cor Of Parkwood Dr & Fair Park Blvd Jonesboro, AR 72401
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