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Financial
Distress signals
Property profile

303 S Main St Jonesboro, AR 72401

FOR SALE
Turn key restaurants
Property ID
US05-1116152
5,379 SF
Last sale Jan 2023 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

303 South Main Street is a historic mixed-use building located in downtown Jonesboro. The main level is configured as a fully operating restaurant space, while the expansive upper-level area (total building size 5,379 square feet) is suitable for redevelopment into uses such as office suites, creative studio space, upscale loft apartments, or a live/work concept. The building was originally designed for office use and is positioned in a high-visibility downtown corridor surrounded by existing local businesses and dining.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$80k
Assessed land$10k
Assessed improvement$71k
Effective rate4.22%

Value estimate

· Oct 2026
$715k
$644k – $787k
AI approach$735k
Submarket $/SF estimate$510k
NOI build-up
Gross scheduled income$71k
Vacancy & credit loss−$6k
Operating expenses−$24k
NOI · 7.42% cap applied$41k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$204/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$95 – $326

Cap rate analysis

How does the asset earn?
7.42%
$41k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCRAIGHEAD

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.3
Computer & Electronic Repair9.7
Tailor Shop9.7

Location

303 S Main St Jonesboro, AR 72401
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3339 Nettleton, Jonesboro, AR 72401-5521 $175,000 Jul 2025 4,032 SF
2222 Spence, Jonesboro, AR 72401-7220 $410,000 May 2025 7,306 SF
3212 Nettleton, Jonesboro, AR 72401-5418 $600,000 Aug 2024 7,995 SF
802 Gee, Jonesboro, AR 72401-3309 $200,000 Jul 2024 3,680 SF
3610 Highland, Jonesboro, AR 72401-6516 $321,000 Jun 2024 7,928 SF
2719 Caraway, Jonesboro, AR 72401-7304 $400,000 May 2024 4,358 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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