1 Block H Southern Hl Jonesboro, AR 72404
- Land
- 1.50 lot acres
Current Use by Public Records
- Land
Property Details for 1 Block H Southern Hl
- Lot size
- 1.50 lot acres
- Property type
- Land
Description
This exceptional 1.5-acre commercial lot, identified as Lot 1 Block H Southern Hills in Jonesboro, Arkansas (zip code 72404), presents a prime investment opportunity. Zoned C-3, this property is situated within the rapidly developing Southern Hills community, experiencing significant infrastructure improvements. These include completed pedestrian amenities like bike trails and sidewalks, and ongoing commercial construction. The area is witnessing substantial residential growth, with approximately 31 new homes currently under construction and plans for 192 Class A multi-family units commencing construction in 2024, followed by an additional 300 units in 2027. The total projected residential units will be 647. The development is strategically located to benefit from a planned three-lane road connection from South Culberhouse to Southwest Drive, designed to alleviate traffic congestion. Furthermore, applications are underway for a traffic signal at Southwest Drive and South Ridge, and improvements are planned for the intersection of Southwest Drive and Kellers Chapel Road. This property offers exceptional potential for developers and investors seeking to capitalize on the burgeoning growth of Jonesboro. The asking price is $1,698,840, reflecting a sales price of $26 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.7259
- Latitude
- 35.8017
