2608 Fair Park BlvdJonesboro, AR 72401

Property Details for 2608 Fair Park Blvd

Lot size

1.21 AC

Property size (Sq ft)

11,750 SF

Property type

Office buildings

APN

01-144283-04100

APU

114428304100

Description

This exceptional 11,750-square-foot office building, constructed in 2007, is situated on a 1.21-acre lot in Jonesboro, Arkansas's primary retail district at 2608 Fair Park Blvd. The single-story building, zoned C-3, offers versatile space suitable for executive, medical, or traditional office uses. Currently leased to Watco, this owner-user investment opportunity boasts a 7.2% cap rate and is priced at $1,749,000 ($148.85/SF). The property includes 65 parking spaces and benefits from its location near local, regional, and national retail, service, and hospitality businesses, particularly at the west entrance to a significant portion of Jonesboro's hospitality district. This prime location presents numerous business opportunities. An adjoining parcel is also available for assemblage, creating potential for expansion or further investment. The property's address is 2608 Fair Park Blvd., Jonesboro, AR 72401, with APN 01-144283-04100. This is a single-tenant building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,685,800

  6.5%

  $2,479,200

  7%

  $2,302,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $916,030

  Geo Method

  $916,030

• Alternative Use

  Use

  Valuation

  Residential

  $3,074,208

  Hospitality

  $2,815,958

  Educational

  $2,342,844

  Medical

  $2,423,418

  Retail

  $3,644,424

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8126

Longitude

-90.6731

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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