4215 E Johnson Ave, Jonesboro, AR 72405
For Lease
This exceptional 1.62-acre commercial lot in Jonesboro, Arkansas, presents a remarkable investment opportunity. Located at 4215 E Johnson Ave, in the rapidly growing Hilltop Trade Area, this property boasts significant frontage on Highway 49 North, a major thoroughfare experiencing 35,000 cars per day. Its strategic position near the signalized intersection of Highway 49 North and Airport Road ensures maximum visibility and accessibility. Already zoned for commercial use, this land is ideally suited for a variety of businesses, including restaurants, retail establishments, or office spaces. The property benefits from its proximity to a new $400 million Nea Baptist Healthcare Campus, and is surrounded by a thriving mix of established businesses. These include several major banks (First National Bank, Unico Bank, First Security Bank), medical offices (Hilltop Eyecare, Focus Inc. Counseling Services), and popular national retailers and restaurants such as Demo's BBQ, AutoZone, Burger King, Sonic, Dairy Queen, Arby's, Fat City Grill, Fred's, Camp Pharmacy, and O'Reilly Auto Parts. This prime location, coupled with its high visibility and convenient access, makes this lot an exceptional investment in one of Jonesboro's fastest-growing markets. The asking price is $987,938. The property is situated in Craighead County, Arkansas, zip code 72401.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.