2901 Parker RdJonesboro, AR 72404

Property Details for 2901 Parker Rd

Lot size

1.00 AC

Property size (Sq ft)

2,016 SF

Property type

Retail properties

Property subtype

Auto shops

APN

01-144332-03200

APU

114433203200

Description

This single-story, 2,016 square foot commercial building presents a unique owner-user opportunity in Jonesboro, AR. Located at 2901 E Parker Rd, this property boasts a prime location on a high-traffic thoroughfare with over 100 feet of road frontage and 5,100 cars passing daily. Built in 1999, the building sits on a 0.65-acre lot and is zoned C-3, offering versatility for various business uses. Previously operating as a fast lube, the adaptable space is ideal for an auto shop, convenience store, or storefront retail. The asking price is $650,000, translating to $322.42 per square foot. The property's high visibility and easy accessibility, coupled with its proximity to local, regional, and national retail and service industries, make it an exceptional investment. The property features one building with one unit. The APN is 01-144332-03200. This is a single-tenancy property with significant potential for growth in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $677,398

  6.5%

  $625,290

  7%

  $580,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,062

  Geo Method

  $396,062

• Alternative Use

  Use

  Valuation

  Residential

  $527,456

  Hospitality

  $483,147

  Educational

  $401,972

  Medical

  $415,797

  Retail

  $625,290

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8058

Longitude

-90.6716

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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