4516 Johnson Ave Jonesboro, AR 72401
- Commercial real estate
- 0.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4516 Johnson Ave
- Lot size
- 0.94 lot acres
- Property type
- Commercial real estate
- APN
- 01-144101-17400
- APU
- 114410117400
Description
This exceptional 0.94-acre commercial lot is strategically located at 4516 E Johnson Ave in Jonesboro, Arkansas, within Craighead County, zip code 72401. Boasting 484 feet of highway frontage on US Highway 49, this property offers unparalleled visibility and accessibility. Its C-3 zoning permits a wide range of commercial uses, making it ideal for retail establishments or quick-service restaurants (QSRs). The property's location near NEA Baptist Hospital ensures high traffic counts, with an estimated 30,000 cars passing daily according to 2019 ARDOT data. This high-visibility location within a well-established commercial area presents a significant opportunity for businesses seeking a prime location with excellent exposure. The asking price for this exceptional property is $299,000. Serious inquiries are encouraged. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving area of Jonesboro.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $305,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $250,000
- Mixed-Use
- $260,000
- Hospitality
- $280,000
- Educational
- $250,000
- Residential Income
- $295,000
- Energy
- $255,000
- Income-Based Land
- $235,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6427
- Latitude
- 35.8641
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA
