Current Use by Public Records
- Office Spaces
Property Details for 2502 Stadium Blvd
- Lot size
- 0.53 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 2502 Stadium Blvd in Jonesboro, Arkansas, presents a compelling investment opportunity. The 5,352 square foot building sits on a 0.53-acre lot and boasts a strong 100% occupancy rate across four units. The property is classified as Class B and features a mix of tenants including two office spaces, a nail salon, and a Domino's Pizza restaurant. The diverse tenant mix ensures a stable income stream, further enhanced by long-term leases in place for the nail salon and Domino's. The nail salon lease, a triple net (NNN) agreement, was recently executed in 2023 for a seven-year term. Significant improvements were completed in 2023, including a new roof and parking lot repairs, minimizing future capital expenditures. The asking price is $1,250,000, translating to a price per square foot of $233.56. The property's single-story design and convenient location in Craighead County, Arkansas (zip code 72401), contribute to its overall appeal. This is a rare opportunity to acquire a fully leased, well-maintained mixed-use property with a proven track record of success and significant upside potential. The property's APN is 01-144281-19500. The gross lease structure simplifies management, making this an ideal investment for both seasoned and emerging investors seeking a stable and profitable addition to their portfolio.
Value Estimations
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AI approach
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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
- -90.6686
- Latitude
- 35.8144
