5 Block C Southern Hl Jonesboro, AR 72404

This exceptional 1.1-acre commercial lot, located at Lot 5 Block C Southern Hills in Jonesboro, Arkansas (zip code 72404), presents a unique investment opportunity. Zoned C-3, this property benefits from significant ongoing development in the Southern Hills area. Completed pedestrian infrastructure, including bike trails and sidewalks, enhances accessibility and appeal. Commercial construction is already underway, alongside the development of approximately 31 new residential homes. Further fueling growth, construction is slated to begin in 2024 on 192 Class A multi-family units, with an additional 300 Class A units planned for 2027. This translates to a total of 647 new residential units, significantly increasing the population and demand in the immediate vicinity. The area's infrastructure is also being upgraded, with a planned three-lane connection from South Culberhouse to Southwest Drive aimed at alleviating traffic congestion. Applications are in progress for a traffic signal at Southwest Drive and South Ridge, and improvements are planned for the intersection of Southwest Drive and Kellers Chapel Road. The asking price is $1,006,236, representing a cost of approximately $21 per square foot. This property offers exceptional potential for immediate development and long-term appreciation in a rapidly expanding market.