3700 Johnson Ave Jonesboro, AR 72401
This exceptional 2.43-acre commercial land parcel in Jonesboro, Arkansas, presents a prime investment opportunity. Strategically located on Highway 49 North, this high-traffic area boasts over 32,000 cars daily, ensuring maximum visibility for your business. The property comprises two lots: a 1-acre lot with 130 feet of Highway 49 frontage, and a 1.43-acre corner lot offering 141 feet of Highway 49 frontage and over 350 feet of frontage on Visions Avenue. Both lots are priced at $23 per square foot. This thriving location is experiencing significant growth fueled by the recent opening of the NEA Baptist Healthcare System Campus, attracting both commercial and residential development. The property benefits from its proximity to numerous established restaurants, retailers, and businesses, including the newly opened First National Financial Park and the Songbird Development. It's also directly across from the only grocery store in the Hilltop area, and adjacent to a new Tommy's Express Car Wash, further enhancing the area's appeal and traffic flow. Multiple access points along Highway 49 North and easy access to Highway 351 provide excellent connectivity. This is an unparalleled chance to capitalize on the booming growth and high visibility of this prime Jonesboro location. The asking price for the entire property is $2,436,505.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.