4105 Johnson AveJonesboro, AR 72401

Property Details for 4105 Johnson Ave

Lot size

0.77 AC

Property size (Sq ft)

1,200 SF

Property type

Retail properties

Property subtype

Auto shops

APN

01-144101-10800

APU

114410110800

Description

This exceptional 0.77-acre commercial lot is strategically located at the signalized intersection of Highway 49 North and Airport Road in Jonesboro, Arkansas, boasting exposure to 35,000 cars daily. The property offers direct access from Highway 49 North and is situated in a rapidly expanding area of Jonesboro, just south of the new $400 million NEA Baptist Healthcare Campus. This prime location places your business in close proximity to a thriving mix of established businesses, including numerous banks (Unico Bank, First National Bank, First Security Bank), medical and professional offices (Hilltop Eyecare, Focus Inc. Counseling Services), pharmacies (Camp Pharmacy), and a variety of popular restaurants and retailers (Auto Zone, Burger King, Sonic, Dairy Queen, Arby's, Fat City Grill, Firehouse Subs, Newk's, and O'Reilly Auto Parts). The property's high visibility and convenient access make it perfect for a wide range of commercial ventures. An adjacent 0.95-acre lot is also available for purchase, presenting an opportunity for larger-scale development. The property is zoned for commercial use and is priced at $550,000. This is a rare opportunity to acquire a highly visible and well-located commercial lot in one of Jonesboro's fastest-growing areas. The zip code is 72401, and the address is 4105 E. Johnson Avenue, Craighead County.

• CAP approach

  CAP return

  Valuation

  6%

  $403,213

  6.5%

  $372,197

  7%

  $345,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,751

  Geo Method

  $235,751

• Alternative Use

  Use

  Valuation

  Residential

  $313,962

  Hospitality

  $287,587

  Educational

  $239,269

  Medical

  $247,498

  Retail

  $372,197

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8604

Longitude

-90.6486

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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