5512 Johnson Ave Jonesboro, AR 72401
- Land
- 8.52 lot acres
Current Use by Public Records
- Land
Property Details for 5512 Johnson Ave
- Lot size
- 8.52 lot acres
- Property type
- Land
Description
This exceptional 8.52-acre commercial land parcel presents a unique investment opportunity in Jonesboro, Arkansas. Strategically located at the entrance to Ridgecrest Rehab, a state-of-the-art nursing home, and adjacent to NEA Baptist’s Medical Campus, the largest medical project in Arkansas over the past decade, this property boasts unparalleled visibility and accessibility. Situated on Highway 49 North, it enjoys exposure to over 19,000 vehicles daily. The site comprises four commercial tracts, with Lot 1 (2.24 acres) and Lot 2 (2.00 acres) already sold. Lots 3 (2.02 acres) and 4 (2.26 acres) remain available, offering build-to-suit options for medical or retail development. City utilities and street infrastructure are readily available, ensuring seamless development. This prime location is part of a larger master-planned project in a rapidly growing area, served by the Brookland School District, which is experiencing significant expansion due to the area's economic boom. The property's high traffic count, proximity to a major medical campus and a new nursing home, and build-to-suit availability make it an ideal investment for developers seeking high-return opportunities in a thriving market. The asking price is $2,180,610. This is a rare chance to capitalize on the explosive growth in Northeast Arkansas's medical and commercial sectors.
Value Estimations
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6255
- Latitude
- 35.8649
