3409 Gateway CvJonesboro, AR 72404

Property Details for 3409 Gateway Cv

Lot size

0.77 AC

Property size (Sq ft)

3,111 SF

Property type

Office buildings

APN

01-144321-07700

APU

114432107700

Description

This exceptional 10,000-square-foot single-tenant executive office building presents a unique opportunity in Jonesboro, Arkansas. Situated on a 1.04-acre lot at 3409 Gateway Cove (72404), this Class B property boasts a highly visible location with approximately 14,000 cars passing daily. The building features 6,500+ square feet of warehouse space, perfect for storage or additional office functions, complemented by two private offices and an open showroom area. Ample parking is provided with 32 spaces, accessible from both Caraway Road and Latourette Drive. This strategically located property is zoned commercial and offers easy access to Interstate 555 bypass, placing it within close proximity to a variety of amenities. Nearby establishments include Colton's Steakhouse, Upper Crust, O'Charley's, Wendy's, Hijinx Family Entertainment Center, Malco Hollywood Cinema, and Ultimate Air trampoline park. Its proximity to the Social Security Administration building and Jonesboro Health and Rehabilitation center further enhances its appeal. The one-story building is part of a newly developed area, ensuring modern infrastructure and a thriving business environment. This property is ideal for businesses seeking high visibility, convenient access, and a location surrounded by established businesses and residential areas. The APN is 01-144321-07700.

• CAP approach

  CAP return

  Valuation

  6%

  $711,108

  6.5%

  $656,408

  7%

  $609,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,534

  Geo Method

  $242,534

• Alternative Use

  Use

  Valuation

  Residential

  $813,946

  Hospitality

  $745,570

  Educational

  $620,305

  Medical

  $641,639

  Retail

  $964,920

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.7998

Longitude

-90.6836

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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