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Property profile & analytics
OFF-MARKET
Drive through restaurants

3701 Johnson Ave Jonesboro, AR 72405-1858

1,164 SF 0.28 ac lot Built 1899
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US05-1842678
Property summary
AI-generated overview

This exceptional commercial property, located at 3701 E Johnson Ave, Jonesboro, AR 72401, offers 3,600 square feet of immediately available space within a larger 10,700 square foot building situated on a 1.6-acre lot. The property is classified as retail and office space, suitable for a single tenant. This modern building is part of a new development completed in August 2013, featuring three buildings along Highway 49 North, strategically positioned between the intersections of Highway 49 & Old Greensboro Road and Highway 49 & Airport Road. The entire 6,600 square foot building at the rear of the development and the entire 2,400 square foot building in the middle are available for lease. This area is experiencing significant growth, fueled by the recent opening of the Nea Baptist Healthcare System campus, creating high demand for lease space. This presents a rare opportunity in a thriving market with limited available options. Lease rates are negotiable, contingent upon tenant quality and lease term. The property's prime location and the current market conditions make this an exceptional investment opportunity.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1899
Total area 1,164 SF
Lot 0.28 ac (12,197 SF)
APN 01-144102-01201
UPID US05-1842678
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
  • Marco's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
P & H Investments LLC · 13 yrs held
P & H Investments LLC
since 2012
3 recorded transactions
2012
$520,000
2009
$485,000
2008
$279,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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