Property profile

3202 Southwest Dr Jonesboro, AR 72404

OFF-MARKET
Retail properties & Spaces
8,400 SF 0.45 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional Jonesboro retail property offers 8,400 square feet across two buildings situated on a 0.45-acre lot with 15 parking spaces. Boasting 135 feet of highway frontage on Southwest Drive, this prime location benefits from high visibility and easy access to major roadways, connecting to Little Rock and Memphis. Currently occupied by a successful long-term tenant, this owner-user investment presents a rare opportunity. The property features a larger 7,100+ square foot building and a smaller 1,300+ square foot building, allowing for multiple lease opportunities or expansion. Zoned C-3, this property is ideally positioned in Jonesboro's Southwest Business District, near the Shoppes at Parker and Southern Hills Development, and minutes from desirable lifestyle amenities and Valley View Schools. Built in 1960, the property includes ample square footage, making it suitable for a variety of retail uses. The asking price is $849,000, translating to $101.07 per square foot. The property's APN is 01-143361-01200. This is a unique chance to acquire a well-established retail property in a thriving area of Jonesboro, Arkansas.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 8,400 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

3202 Southwest Dr Jonesboro, AR 72404
Jonesboro metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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