1240 Jaxon Dr Jonesboro, AR 72404

This 3.14-acre commercial land parcel, located at 1240 Jaxon Drive in Jonesboro, Arkansas (zip code 72404), is zoned C-3. Situated within the rapidly developing Southern Hills area, this property offers significant investment potential. The Southern Hills Development is experiencing substantial growth, including completed pedestrian infrastructure (bike trails and sidewalks), ongoing commercial construction, and the commencement of residential construction on approximately 31 new 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 starting in 2027, resulting in a total of 647 residential units. The area is also benefiting from planned infrastructure improvements to alleviate traffic congestion, including a three-lane connection from South Culberhouse to Southwest Drive, and applications for a traffic signal at Southwest Drive and South Ridge are underway. Further improvements are planned for the intersection of Southwest Drive and Kellers Chapel Road. This prime location presents a unique opportunity to capitalize on the burgeoning growth and development within Southern Hills. The asking price for this exceptional property is $1,643,100.