1246 Jaxon Dr Jonesboro, AR 72404
- Land
- 1.31 lot acres
Current Use by Public Records
- Land
Property Details for 1246 Jaxon Dr
- Lot size
- 1.31 lot acres
- Property type
- Land
Description
This exceptional 1.31-acre commercial lot, located at 1246 Jaxon Drive in Jonesboro, Arkansas (72404), presents a unique investment opportunity within the burgeoning Southern Hills Development. Zoned C-3, this property offers significant potential for a variety of commercial uses. The lot is part of the thriving Southern Hills community, experiencing substantial growth and development. Infrastructure improvements are underway, including a three-lane connection from South Culberhouse to Southwest Drive designed to alleviate traffic congestion. Applications for a traffic signal at Southwest Drive and South Ridge are in progress, and improvements to the intersection of Southwest Drive and Kellers Chapel Road are planned. The area boasts completed pedestrian amenities such as bike trails and sidewalks. Commercial construction is already underway, complemented by the ongoing construction of approximately 31 new residential homes. Future development includes the construction of 192 Class A multi-family units beginning in 2024, and an additional 300 Class A multi-family units commencing in 2027. This translates to a total projected rooftop count of 647 units, underscoring the significant growth potential of this location. The asking price reflects a rate of $12 per square foot. This property is ideally situated to capitalize on the expanding commercial landscape of Jonesboro, Arkansas. Lot 2, Block L, Southern Hills.
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
- -90.7253
- Latitude
- 35.8016
