2 Block D Southern Hl Jonesboro, AR 72404
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 2 Block D Southern Hl
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
This exceptional 10-acre commercial lot, designated Lot 2 Block D Southern Hills in Jonesboro, Arkansas, presents a remarkable investment opportunity. Located in the rapidly developing Southern Hills area, this C-3 zoned property offers significant potential for various commercial ventures. The area is experiencing substantial growth, with ongoing infrastructure improvements designed to alleviate traffic congestion. These improvements include a projected three-lane connection from South Culberhouse to Southwest Drive, an application for a traffic signal at Southwest Drive and South Ridge, and planned improvements to the intersection of Southwest Drive and Kellers Chapel Road. The site benefits from completed pedestrian infrastructure, including bike trails and sidewalks. Furthermore, the surrounding area is witnessing significant construction activity, including the commencement of commercial buildings, the construction of approximately 31 new residential homes, and future plans for 192 Class A multi-family units starting in 2024 and an additional 300 Class A multi-family units beginning in 2027. This translates to a total projected rooftop count of 647 units. The asking price is $5,227,200, representing a cost of $12 per square foot. This property offers unparalleled access to a thriving community and a bright future for commercial development in Jonesboro, Arkansas. The zip code is 72404.
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
- -90.729
- Latitude
- 35.7997
