4212 Johnson Ave Jonesboro, AR 72401
- Auto shops
- 14,750 SF
- 1.41 lot acres
Current Use by Public Records
- Car Choice LLC / Used Car Dealer / Car Dealer
- Car Choice of Jonesboro / Used Car Dealer / Car Dealer
- higi / Health Consultant
- Best Choice Auto Financial / Car Finance And Loan Company
Property Details for 4212 Johnson Ave
- Year built
- 2003
- Lot size
- 1.41 lot acres
- Property size
- 14,750 SF
- Property type
- Auto shops
- APN
- 01-144101-15100
- APU
- 114410115100
Description
This exceptional 15,000-square-foot Class A medical office building presents a unique investment opportunity in Jonesboro, Arkansas. Located at 4212 E Johnson Ave, 72401, in Craighead County, this single-tenant property boasts a prime location in the thriving Hilltop area. Its strategic placement between NEA Baptist Hospital Campus and Arkansas State University ensures high visibility and accessibility, with over 31,000 vehicles passing daily. The building is ideally suited for medical practitioners or other office tenants seeking a modern, well-appointed space. The surrounding area is experiencing significant growth, with new dining, retail, medical, and residential developments creating a vibrant and dynamic environment. This property offers unparalleled convenience and exposure, making it an ideal location to establish or expand a business. The building's contemporary design and prime location within a rapidly developing area promise strong returns and long-term growth potential. This is a rare opportunity to secure a high-quality space in a thriving commercial corridor. The property is categorized as Retail and Office, specifically a Medical Office, and offers a single tenancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $925,000
- 6.5%
- $805,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $870,000
- Mixed-Use
- $850,000
- Hospitality
- $780,000
- Educational
- $935,000
- Residential Income
- $1,030,000
- Energy
- $890,000
- Income-Based Land
- $1,040,000
- Food Service
- $1,040,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6467
- Latitude
- 35.8627
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA