3204 Culberhouse StJonesboro, AR 72401

Property Details for 3204 Culberhouse St

Year built

1800

Lot size

1.00 AC

Property size (Sq ft)

1,200 SF

Property type

Retail properties

Property subtype

Auto shops

APN

01-154312-01000

APU

115431201000

Description

This exceptional mixed-use property, located at 3204 North Culberhouse Street in Jonesboro, Arkansas, presents a compelling investment opportunity. The property boasts a generous 1-acre lot, providing ample space for expansion or future development. The existing building comprises 1,200 square feet of versatile space, suitable for a variety of commercial uses. Its strategic location in Jonesboro offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. The asking price of $85,000 represents a significant value for a property of this size and potential in this desirable market. This is a rare chance to acquire a well-situated mixed-use property with substantial upside. The property's zoning and permitted uses should be independently verified. Serious inquiries are encouraged to explore the possibilities this unique offering presents. Don't miss this chance to secure a valuable asset in a growing area. The property is ready for immediate occupancy or redevelopment, offering flexibility to suit a wide range of business needs. Its location provides easy access to major transportation routes and a strong local customer base. This is an excellent opportunity for investors seeking a strong return on investment in a stable market.

• CAP approach

  CAP return

  Valuation

  6%

  $403,213

  6.5%

  $372,197

  7%

  $345,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,751

  Geo Method

  $235,751

• Alternative Use

  Use

  Valuation

  Residential

  $313,962

  Hospitality

  $287,587

  Educational

  $239,269

  Medical

  $247,498

  Retail

  $372,197

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8867

Longitude

-90.7108

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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