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    FOR LEASE
    Strip malls

    2929 S Caraway Rd, Jonesboro, AR 72401

    53,978 SF 2.67 ac lot
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US05-0501161
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Total area 53,978 SF
    Lot 2.67 ac (116,305 SF)
    APN 01-144294-00500
    UPID US05-0501161
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Millenium MRI Medical Clinic
    • Arkansas Weight Loss Clinic Weight Loss Service
    • McKee Amy K Dr Alternative Medicine Practice
    • Jonesboro Pharmacy Solutions Pharmacy
    • Sugar Magnolia Compassionate Healthcare Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.32M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.64M
    Blend (final) Blend
    $2.38M
    Owner & transaction history
    2929 South Caraway Jonesboro LLC · 5 yrs held
    2929 South Caraway Jonesboro LLC
    since 2021
    Last sale
    $2.5M
    4 recorded transactions
    2021
    2021
    $2.5M
    2019
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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