3016 Peabody Dr Jonesboro, AR 72404-9353

Property Details for 3016 Peabody Dr

Lot size

2.00 lot acres

Property size

9,408 SF

Property type

Auto shops

APN

01-144331-01600

APU

114433101600

Description

This exceptional 10,000-square-foot industrial property, located at 3016 Peabody Drive in Jonesboro, Arkansas, presents a compelling value-add investment opportunity. The single-story, Class A building, constructed in 2020 and renovated in 2013, sits on a two-acre lot, with approximately one acre fenced. Its strategic location just off Stadium Boulevard, a half-mile south of I-555, places it within a thriving retail corridor, surrounded by new car dealerships and other retail businesses. The building boasts a 13-foot ceiling height, four 12x14 drive-in doors (one front, one east, two rear), and a well-appointed front entrance with office space and restrooms. The steel-insulated structure is highly adaptable, suitable for various uses, including light manufacturing, distribution, or flex space. City utilities, including natural gas, sewer, and three-phase power, are readily available. The property features a gross lease type, single tenancy, and is currently owner-occupied. With a $950,000 asking price, a 5% cap rate, and significant air rights (87,120 sq ft), this property offers substantial potential for future development and strong returns. The permitted zoning is commercial. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a prime Jonesboro location.

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Longitude

-90.667

Latitude

35.8006

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments