3301 S Caraway Rd Jonesboro, AR 72401
For Sale
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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.
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EDBS LLC Construction Company General Contractor
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Medic One Ambulance Ambulance Service
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Veracity Electric Electrical Service General Contractor
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Tamara Hooks Lee, CPA Accounting Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.