1304 Jones Rd Paragould, AR 72450
- Warehouses
- 6,000 SF
- 1.11 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1304 Jones Rd
- Year built
- 2014
- Lot size
- 1.11 lot acres
- Property size
- 6,000 SF
- Property type
- Warehouses
- APN
- 1001-13120-003
- APU
- 100113120003
Description
This exceptional 1.07-acre commercial and industrial land parcel, located at 1304 Jones Road in Paragould, Arkansas, presents a unique investment opportunity. The property, encompassing 6,000 square feet, is priced at $100,000, translating to $16.67 per square foot. Built in 2017, this vacant lot features a single, one-story building and offers significant highway frontage – over 350 feet along Highway 358. Its convenient location within the South Industrial Park provides easy access to essential utilities including Paragould Light, Water, and Cable services. The property's proximity to established businesses like Anchor Packaging and Highway 49 further enhances its appeal. The property is classified as Class B and is offered under a gross lease type. This is a single-unit property, ideal for a variety of commercial or industrial uses. The lot size is 1.07 acres, offering ample space for development or expansion. This is a vacant property ready for immediate development. The zip code is 72450, and the property is situated in Greene County, Arkansas. This prime location and attractive price point make this an exceptional opportunity for investors and businesses seeking a strategic foothold in a thriving industrial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $195,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $245,000
- Mixed-Use
- $235,000
- Hospitality
- $240,000
- Educational
- $220,000
- Residential Income
- $235,000
- Energy
- $200,000
- Income-Based Land
- $190,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Paragould
- County
- Greene
- State
- Arkansas
- Longitude
- -90.5038
- Latitude
- 36.0231
- CBSA code
- 37500
- CBSA name
- PARAGOULD, AR MICROPOLITAN STATISTICAL AREA