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    OFF-MARKET
    Land

    0 Southern Hills Ln, Jonesboro, AR 72401

    1.12 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.12-acre commercial land parcel, located in Jonesboro, Arkansas's thriving Southern Hills development (Craighead County, zip code 72401), presents a unique investment opportunity. Zoned C-3, this property offers significant potential for various commercial ventures. The asking price is $1,024,531, reflecting a land value of $21 per square foot. The site benefits from completed pedestrian infrastructure, including bike trails and sidewalks, and is situated within a rapidly growing area. Construction has already begun on surrounding commercial properties, and residential development is well underway, with approximately 31 new homes currently under construction and plans for 500+ additional Class A multi-family units by 2027. This surge in residential development promises increased foot traffic and a robust consumer base for future commercial establishments. Furthermore, planned infrastructure improvements, including a three-lane road connection to alleviate traffic congestion and a new traffic signal at a key intersection, will enhance accessibility and visibility. This property offers a compelling combination of prime location, favorable zoning, and significant growth potential within a dynamic and expanding community.

    Property profile
    Verified
    Property type Land
    Lot 1.12 ac (48,787 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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