0 Southern Hills Ln, Jonesboro, AR 72401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.