2206 Highland DrJonesboro, AR 72401

Property Details for 2206 Highland Dr

Year built

2021

Property size (Sq ft)

8,771 SF

Property type

Retail properties

Property subtype

Strip malls

APN

01-144204-17050

APU

114420417050

Description

This exceptional 5,000 square foot storefront is part of The Uptown, a revitalized retail center in Jonesboro, Arkansas. Located at 2206 E Highland Dr, this property boasts high visibility and traffic counts exceeding 44,000 cars daily. The Uptown is situated on a 3.62-acre lot and comprises two single-story buildings totaling 125,000 square feet. Recently renovated in 2022, the property features an attractive exterior design, a covered plaza, upgraded walkways, multiple planting areas, and an open green space. The space benefits from a shared large loading dock at the rear of the building. This prime location is part of a major redevelopment project, anchored by established retailers such as Gearhead Outfitters, Gamble Home, The Buckle, Maurices, Hollywood Feed, and The Refinery. The Uptown enjoys proximity to other major retailers and restaurants, including Kroger Marketplace, Tommy's Express Car Wash, Guthrie's Chicken, Chipotle, Texas Roadhouse, and many more. The property is zoned C-3 and has an APN of 01-144204-17000. The area is experiencing significant growth and investment, making this an ideal opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. An adjacent 8,400 square foot outparcel center is also fully occupied. The property's strategic location between Walmart and The Mall at Turtle Creek ensures maximum exposure to a large consumer base. This is a rare opportunity to be part of Jonesboro's most exciting retail destination.

• CAP approach

  CAP return

  Valuation

  6%

  $2,947,150

  6.5%

  $2,720,446

  7%

  $2,526,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,723,144

  Geo Method

  $1,723,144

• Alternative Use

  Use

  Valuation

  Residential

  $2,294,798

  Hospitality

  $2,102,023

  Educational

  $1,748,858

  Medical

  $1,809,004

  Retail

  $2,720,446

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8214

Longitude

-90.6792

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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