700 Gladiolus DrJonesboro, AR 72404

Property Details for 700 Gladiolus Dr

Lot size

0.73 AC

Property size (Sq ft)

7,950 SF

Property type

Office buildings

APN

01-144311-02200

APU

114431102200

Description

This exceptional 0.18-acre commercial lot, located at 700 Gladiolus in Jonesboro, Arkansas, presents a unique investment opportunity. Situated in a dynamic area of Jonesboro, this property offers significant potential for a variety of commercial ventures. The land is currently vacant, providing a blank canvas for developers seeking to build a new structure tailored to their specific needs. Its size makes it suitable for smaller-scale commercial projects, such as a retail space, office building, or potentially a small-scale industrial facility. The address, 700 Gladiolus, offers convenient access to major roadways, ensuring high visibility and easy accessibility for customers and employees. The asking price of $5,500 represents a compelling entry point into the Jonesboro commercial real estate market. Given the strategic location and the potential for development, this property is expected to generate strong returns on investment. Serious inquiries are encouraged to explore the possibilities this exceptional lot offers. Further due diligence is recommended to confirm zoning regulations and development possibilities. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Arkansas city. Don't miss out on this chance to secure a piece of Jonesboro's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,059,490

  6.5%

  $1,901,070

  7%

  $1,765,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,782

  Geo Method

  $619,782

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,734,970

  Retail / Commercial

  $1,916,800

  Mixed-Use / Specialty

  $1,911,170

  Hospitality / Lodging

  $1,403,730

  Institutional / Educational

  $1,987,280

  Residential Income

  $2,325,120

  Multifamily

  $2,781,950

  Automotive / Energy

  $1,703,380

  Parking / Income-Based Land

  $586,627

  Restaurant / Food Service

  $996,584

  Healthcare / Senior Housing

  $1,958,640

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.802

Longitude

-90.6989

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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