4 Block C Southern Hl Jonesboro, AR 72404
- Land
- 1.00 lot acres
Current Use by Public Records
- Land
Property Details for 4 Block C Southern Hl
- Lot size
- 1.00 lot acres
- Property type
- Land
Description
This exceptional 1-acre commercial lot, designated Lot 4 Block C Southern Hills in Jonesboro, Arkansas (zip code 72404), is priced at $1,045,440, or $24 per square foot. The property is zoned C-3 and situated within the rapidly developing Southern Hills community, experiencing significant infrastructure improvements. These improvements include completed pedestrian amenities such as bike trails and sidewalks. Commercial construction is underway, complemented by the ongoing development of approximately 31 new residential homes. Future development plans include the construction of 192 Class A multi-family units beginning in 2024, and an additional 300 Class A multi-family units commencing in 2027, resulting in a total of 647 residential units. The Southern Hills development is strategically positioned to benefit from a projected three-lane road connection from South Culberhouse to Southwest Drive, designed to alleviate traffic congestion. Furthermore, an application for a traffic signal at Southwest Drive and South Ridge is in progress, and improvements to the intersection of Southwest Drive and Kellers Chapel Road are planned. This prime location offers exceptional potential for commercial development within a vibrant and expanding community. The property's strategic location and the surrounding development activity present a compelling investment opportunity.
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
- -90.7249
- Latitude
- 35.8011
