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    Mixed-use properties

    4 Caraway Rd, Jonesboro, AR 72404

    35 SF 3.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.5-acre parcel presents a remarkable opportunity for development in the thriving city of Jonesboro, Arkansas. Situated in a highly desirable location, this mixed-use property offers unparalleled potential for a variety of commercial ventures. The expansive 3.5-acre lot provides ample space for construction, allowing for significant flexibility in design and functionality. With its central Jonesboro address, the property benefits from excellent visibility and accessibility, ensuring high traffic flow and convenient access for customers and employees. The existing zoning allows for a wide range of commercial uses, making it an ideal investment for entrepreneurs and developers seeking to establish a strong presence in a dynamic market. The property's size and location make it suitable for a variety of projects, from retail spaces and office buildings to restaurants and light industrial facilities. The land is ready for immediate development, eliminating lengthy delays and allowing for a swift start to your project. This is a rare opportunity to acquire a substantial piece of land in a prime Jonesboro location, offering significant potential for growth and return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $599,000. The total square footage is 35 square feet, though this is likely a measurement error and should be verified independently. The property is currently vacant and ready for development.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 35 SF
    Lot 3.5 ac (152,460 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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