2929 S Caraway Rd Jonesboro, AR 72401
- Strip malls
- 53,978 SF
- 2.67 lot acres
Current Use by Public Records
- Millenium MRI / Medical Diagnostic Imaging Center
- Arkansas Weight Loss Clinic / Weight Loss Service
- McKee Amy K Dr / Chiropractor / Doctor
- Jonesboro Pharmacy Solutions / Pharmacy
- Sugar Magnolia Compassionate Healthcare / Medical Clinic
Property Details for 2929 S Caraway Rd
- Lot size
- 2.67 lot acres
- Property size
- 53,978 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-144294-00500
- APU
- 114429400500
Description
This exceptional two-story, Class A commercial property, totaling 53,000 square feet, is located in Jonesboro, Arkansas, and offers a prime opportunity for businesses seeking modern, efficient space. Built in 2000 and recently modernized, the plaza boasts 15 suites across its single building, with 7,650 square feet currently available for lease. The property sits on 2.67 acres of land and provides ample parking with 120 spaces. The building features multiple lease space opportunities, including six available units, each offering over 1,275 square feet across the first and second floors. The plaza benefits from excellent visibility and accessibility due to its strategic location along Interstate 555 and S. Caraway Road. The property is zoned commercial and has an APN of 01-144294-00500. The building's exterior has undergone significant improvements within the last two years. Owners are open to build-to-suit options to accommodate specific tenant requirements. The property is suitable for a variety of uses, including traditional office and medical office spaces, as evidenced by its current tenant, a medical cannabis dispensary. The building does not have elevators. Utilities are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,445,000
- 6.5%
- $2,320,000
- 7%
- $2,635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,775,000
- Geo Method
- $2,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,390,000
- Retail
- $2,425,000
- Mixed-Use
- $2,670,000
- Hospitality
- $2,285,000
- Educational
- $2,045,000
- Residential Income
- $2,055,000
- Energy
- $2,570,000
- Income-Based Land
- $2,460,000
- Food Service
- $2,375,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.68
- Latitude
- 35.8089
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA
