Mixed-Use Building with
For Sale
$550,000
Jonesboro, AR 72401, Jonesboro, AR 72401
Commercial / Industrial, Jonesboro, AR
Property Size5,379 SF
Lot Size0.08 Acres
Price / SF$102.25
Days on Market151
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Display Window, Equipment (see remarks), Inventory (see remarks), Smoke Detector, Handicapped Design, Furnished, Kitchen Area, Furniture Included, In-Unit Bathroom, Stairs
Accessibility
Accessible Approach with Ramp
Lot features
Level
Subdivision
Jonesboro D
Standard status
Active
Size
5,379 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3313
Building Details
Year built
1920
Floors in Building
2
Flooring type
Wood, Tile, Vinyl
Additional Structures
See Remarks
Listing Agency:
Century 21 Portfolio
(870) 933-0026
Listed By:
Lindsay Ivy · License #SA00093626
(870) 340-7555
Added: May 14
Changed: Oct 10
Last Checked: Oct 11 at 4:06AM
MLS# 26020519
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 5,379-square-foot mixed-use property combines a ground-floor restaurant with an upper level originally laid out for office use. The restaurant is operating, while the upper floor is available for redevelopment. Interior features include a kitchen area, display window, furnishings, and an in-unit bathroom. Flooring includes vinyl, wood, and tile, and an accessible ramp provides an accessible approach.
The property is at 303 South Main Street in downtown Jonesboro, surrounded by local businesses and dining. The site measures 0.08 acres.
The property is at 303 South Main Street in downtown Jonesboro, surrounded by local businesses and dining. The site measures 0.08 acres.
Key Highlights
- Operating restaurant on the ground floor
- 5,379‑square‑foot building on a 0.08‑acre site
- Upper level originally designed for office use and available for redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,827
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,540
$816.5K
Cap Rate 7%
$583,243
$583.2K
Cap Rate 9%
$453,633
$453.6K
Market Conditions
NOI Build-Up for 5,379 SF
Gross rent
$71.0K $13.20/SF
− Vacancy
−$5.7K −$1.06/SF
EGI
$65.3K $12.14/SF
− OpEx
−$24.5K −$4.55/SF
NOI
$40.8K $7.59/SF
Area
Craighead County, AR
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,540
Cap Rate 7%
$583,243
Cap Rate 9%
$453,633
Alternative Uses
Best Use
Specialty Retail
$811.7K
$710.3K – $947.0K
NOI $56,822 @ 7.0% cap · market cap 10.33%
Second Best
Mixed Use
$583.2K
$510.3K – $680.5K
NOI $40,827 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$941.7K
$824.0K – $1.10M
NOI $65,921 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Apparel 49%
Dollar Tree
Shops & Services
12,107 visits/mo
0.5 miles
Hibbett Sports
Apparel
11,749 visits/mo
0.5 miles
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating restaurant occupies the ground level, with a separate upper floor available for redevelopment.
Where is this mixed-use property located?
The property is located at Jonesboro, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Operating restaurant on the ground floor; 5,379‑square‑foot building on a 0.08‑acre site; Upper level originally designed for office use and available for redevelopment
