Property profile

2701 Parkwood Rd Jonesboro, AR 72401

FOR LEASE
Commercial land
Property ID
US05-2151277
1.02 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail center, slated for completion in 2025, offers 7,020 square feet of prime commercial space in Jonesboro, Arkansas. Located at 2701 Parkwood Rd, at the corner of Fair Park Blvd, this one-acre property boasts a highly visible location within Jonesboro's thriving retail sector, near established businesses like Academy Sports and Cheddar's Casual Cafe. The building comprises four individual suites, each measuring 1,755 square feet, with the flexibility to combine units for larger tenants. The property is available as a whole (7,020 SF) or in divisible units, offering a minimum of 1,755 square feet. Spaces will be delivered in cold-dark shell condition, with tenant improvement allowances negotiable. This represents a rare opportunity to secure brand-new retail space in a prime Jonesboro location, benefiting from high visibility and significant foot traffic. The property's APN is 01-144282-04940. This development presents a unique chance to establish a presence in a dynamic and rapidly growing retail area. The property is zoned for retail, office, and restaurant uses. The address is 2701 Parkwood Rd, Jonesboro, AR 72401.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.02 ac (44,431 SF)
APN 01-144282-04940
UPID US05-2151277

Cap rate & NOI

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

Location

2701 Parkwood Rd Jonesboro, AR 72401
Jonesboro metro Census 403 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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