2815 Longview DrJonesboro, AR 72401

For Sale
$1,225,000
Prime Jonesboro office, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 4,581 square foot executive office building, located at 2815 Longview Dr in Jonesboro, AR 72401, presents a compelling investment opportunity. Built in 2005, this single-story building sits on a spacious 29,621 square foot lot and boasts 26 parking spaces. Currently operating at 100% occupancy with a long-term lease to Simmons Bank, the property offers a strong net operating income (NOI) of $106,110, resulting in an attractive 8.66% cap rate. The asking price is $1,225,000, translating to $267.41 per square foot. Zoned C-3, this property is ideally suited for owner-users or investors seeking a stable, high-return investment. Its location in a thriving area of Jonesboro, near new developments like The Promenade at Reedmont and the Jonesboro Sportsplex, ensures high visibility and accessibility. The building's original design catered to medical/dental offices, making it adaptable to a variety of professional uses. This turnkey opportunity combines strong current income with significant future growth potential in a dynamic commercial market. The property's excellent condition and strategic location make it a rare find in the Jonesboro commercial real estate market. This is a chance to acquire a well-established, high-performing asset with a proven track record.

Property Details for 2815 Longview Dr

Property type
Office properties
Square Feet
4,581 SF
Year Built
2005
Stories
1

Location Insight

City
Jonesboro
County
Craighead
State
Arkansas
Latitude
35.8118249
Longitude
-90.6905888
2815 Longview Dr, Jonesboro, Arkansas

FAQs

What type of property is this?
Office property - Prime Jonesboro office, high ROI.
Where is the office property located?
The property is located at 2815 Longview Dr Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,225,000.
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2815 Longview Dr
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