1319 Red Wolf Blvd Jonesboro, AR 72401-4584
- Strip malls
- 15,540 SF
- 1.50 lot acres
Current Use by Public Records
- Jimmy John's / Caterer / Sandwich Shop
- AR Cannabis Clinic | MMJ Card | Cannabis Card | Arkansas Marijuana Card / Medical Clinic
- Ichiya Asian Bistro / Ramen Restaurant / Japanese Steakhouse
- Integrative Allergy and Wellness / Envisage Body / Medical Spa
- Stripes Spa & Nail Care / Nail Salon
Property Details for 1319 Red Wolf Blvd
- Lot size
- 1.50 lot acres
- Property size
- 15,540 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-144211-01602
- APU
- 114421101602
Description
This Class A, 15,285 square foot multi-tenant commercial building offers a 1,750 square foot office space for lease. Located at 1319 Red Wolf Blvd, Jonesboro, AR 72401, this property boasts a prime location in the Metro Centre, situated between the Mall at Turtle Creek and Arkansas State University. The building is zoned C-3 and sits on a 1.51-acre lot (APN: 01-144211-01602). Red Wolf Boulevard is a major thoroughfare in Jonesboro, known for its high concentration of restaurants, retail businesses, and offices. The property benefits from exceptional visibility and convenient access to a variety of amenities, including nearby Slim Chickens, Popeye's, Andy's Frozen Custard, Olive Garden, Chick-fil-A, Chili's, Target, and Walgreens. The existing tenant mix includes a diverse range of businesses, such as AR Cannabis Clinic, Envisage Med Spa, Stripes Spa & Nail Care, Sai Thai Cuisine, and Jimmy John's Gourmet Sandwiches. This presents a unique opportunity to establish a presence in a thriving commercial area with high foot traffic and strong brand recognition. The property is suitable for traditional office, medical office, or executive office uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,800,000
- 6.5%
- $2,785,000
- 7%
- $3,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,425,000
- Geo Method
- $2,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,095,000
- Retail
- $2,735,000
- Mixed-Use
- $2,980,000
- Hospitality
- $2,525,000
- Educational
- $3,200,000
- Residential Income
- $2,515,000
- Energy
- $3,300,000
- Income-Based Land
- $2,855,000
- Food Service
- $2,685,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6693
- Latitude
- 35.8307
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA
