3301 Caraway Rd Jonesboro, AR 72404-0632

Property Details for 3301 Caraway Rd

Lot size

1.83 lot acres

Property size

15,600 SF

Property type

Office buildings

APN

01-144321-02600

APU

114432102600

Description

This exceptional 15,600 square-foot multi-use building presents a rare opportunity in Jonesboro, Arkansas. Situated on 1.62 acres with high visibility on South Caraway Road, just off Interstate 555, this property boasts approximately 6,000 square feet of warehouse space featuring 11 ground-level overhead doors. The remaining 9,600 square feet comprises a two-story office area, recently renovated to include a modern lobby, updated individual offices, a spacious multi-functional room, and a large upstairs training/conference room. The building is classified as Class B and features a 12-foot ceiling height. Ample parking is available on-site, with potential for expansion. The property is zoned C-3 and offers excellent exposure to approximately 18,000 vehicles daily. Built in 2020, this building offers a unique blend of warehouse and office space, ideal for a variety of uses. Given current construction costs, this represents a significant below-replacement-cost ownership opportunity. The strong economic growth of Jonesboro, serving a large trade area and home to Arkansas State University, further enhances the investment potential of this property. The single-tenant occupancy and modified lease type provide flexibility for the new owner. The APN is 01-144321-02600. The asking price is $1,650,000.

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Longitude

-90.679

Latitude

35.8033

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments