Property profile

2604 Matthews Ave Jonesboro, AR 72401

OFF-MARKET
Strip malls
Property ID
US05-0929430
11,264 SF
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,150 square foot commercial property, located at 2604 E Matthews Ave in Jonesboro, Arkansas, presents a unique investment opportunity. Built in 1997 and extensively renovated in 2024, this single-story building sits on a 0.88-acre lot in the Primary Retail District. Currently, 3,300 square feet of space is available for lease within this single-tenant building. The property is ideally suited for a variety of uses, including traditional office, executive office, coworking, medical office, or creative office spaces. Its strategic location offers high visibility and easy access to major transportation routes, residential areas, and other commercial centers. The property boasts ample parking with 38 spaces, ensuring convenience for employees and clients. The building features no elevators. The property's location benefits from Jonesboro's steady population growth and supportive business environment. The available space offers flexibility for tenant improvements to meet specific business needs. The property's APN is 01-144212-23400. This is an excellent opportunity to establish a presence in a thriving commercial area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 11,264 SF
APN 01-144212-23400
UPID US05-0929430

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

2604 Matthews Ave Jonesboro, AR 72401-4420
Jonesboro metro Census 102 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$986k
Blend (final) Blend
$315k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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