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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2118 Caraway Rd Jonesboro, AR 72401

9,917 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents approximately 9,917 square feet of vacant storefront space within the Highland Square Shopping Center in Jonesboro, Arkansas. Located at 2118 S Caraway Rd, this C-3 zoned property boasts high visibility and accessibility, situated at the intersection of Highland Drive and S. Caraway Rd. The space previously housed a Dollar General and benefits from significant daily traffic exceeding 44,000 vehicles. The shopping center enjoys a prime location within Jonesboro's main commercial corridor, surrounded by thriving businesses including Tommy's Express Car Wash, Texas Roadhouse, Kroger Marketplace, Golden Corral, Chipotle, and many more. Recent revitalization efforts have significantly enhanced the area, with the addition of several big-box retailers such as Bargain Hunt, Michael's, Play It Again Sports, and Ross Dress for Less. The property's strategic placement between Trees 'N Trends and Athens Greek Restaurant ensures high foot traffic and excellent brand visibility. The space offers flexibility, with the potential to expand the square footage to accommodate specific business needs. This is an unparalleled chance to establish a presence in a dynamic and rapidly growing retail hub, serving a substantial consumer base of approximately 550,000 people. The property's location within the Uptown redevelopment area further underscores its potential for success. The zip code is 72401.

Property profile
Verified
Property type Retail properties & Spaces
Total area 9,917 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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