5205 Johnson Ave Jonesboro, AR 72405-8516
- Banks
- 1,584 SF
- 0.48 lot acres
Current Use by Public Records
- Arvest Bank / Bank / Atm
Property Details for 5205 Johnson Ave
- Lot size
- 0.48 lot acres
- Property size
- 1,584 SF
- Property type
- Banks
- APN
- 01-144111-05700
- APU
- 114411105700
Description
This exceptional 1,584 square foot building, formerly an Arvest Bank branch, presents a unique opportunity in Jonesboro, Arkansas's desirable Hilltop area. Located on a 0.51-acre corner lot at 5205 E. Johnson Ave. and Oriole Dr., this Class B property boasts excellent curb appeal and high visibility, benefiting from approximately 23,000 cars passing daily. The single-tenant space features a spacious layout including several interior offices, a lobby/reception area, a large open work area, and a restroom. Zoned C-4 LUO, this versatile property is ideal for a variety of uses, including traditional office space, medical offices, or even a banking facility. The building's existing infrastructure provides a solid foundation for a seamless transition to your desired configuration. Its prime location and high traffic count make it an attractive option for businesses seeking strong visibility and accessibility. The property's APN is 01-144111-05700. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Jonesboro. The entire 1,584 square feet is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $380,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $370,000
- Mixed-Use
- $435,000
- Hospitality
- $365,000
- Educational
- $405,000
- Residential Income
- $390,000
- Energy
- $415,000
- Income-Based Land
- $335,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6297
- Latitude
- 35.8639
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA