5900 Johnson AveJonesboro, AR 72401

Property Details for 5900 Johnson Ave

Lot size

0.73 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

01-144013-15900

APU

114401315900

Description

This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in Jonesboro, Arkansas. Strategically situated on Highway 49 North, between Ridgecrest Health and Rehabilitation Center and the soon-to-be-completed Eastern Bypass, this property boasts unparalleled visibility and accessibility. With over 22,000 vehicles passing daily, this site is ideally positioned to capitalize on the significant growth spurred by the recent opening of the $400 million NEA Baptist Healthcare System campus. The area is experiencing a surge in both commercial and residential development, creating high demand for real estate. Utilities are already in place, simplifying development, and an adjoining lot is also available for purchase, allowing for expansion to accommodate a variety of commercial ventures, including restaurants, retail establishments, or other businesses. Direct access from Highway 49 North ensures optimal exposure and convenient access for customers and employees. This property offers a unique chance to establish a thriving business in a rapidly expanding market. The asking price is $479,000. Located at 5900 E Johnson Ave, Jonesboro, AR 72401.

• CAP approach

  CAP return

  Valuation

  6%

  $2,688,086

  6.5%

  $2,481,310

  7%

  $2,304,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,571,674

  Geo Method

  $1,571,674

• Alternative Use

  Use

  Valuation

  Residential

  $2,093,078

  Hospitality

  $1,917,248

  Educational

  $1,595,128

  Medical

  $1,649,987

  Retail

  $2,481,310

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8647

Longitude

-90.6214

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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