4818 Highland DrJonesboro, AR 72401

Property Details for 4818 Highland Dr

Lot size

1.30 AC

Property size (Sq ft)

1,264 SF

Property type

Office buildings

APN

01-144233-18700

APU

114423318700

Description

This exceptional commercial property, located at 4818 E Highland Dr, Jonesboro, AR 72401, presents a unique investment opportunity. The 1,250 square foot building sits on a 1.29-acre lot in Jonesboro's thriving Industrial Trade Region, boasting 275 feet of road frontage and high visibility to 16,000 cars per day. Currently vacant, the single-story structure was previously used as a bank, featuring four covered drive-thru lanes. The property is zoned C-3, offering flexibility for various uses, whether maintaining its current configuration or undertaking redevelopment. Its prime location on a main highway ensures easy access and excellent exposure, benefiting from the proximity to established businesses like Hytrol, Kum & Go, and Swanner Furniture, as well as major retailers such as JCPenney, Dillard's, and Target. The area enjoys steady growth and benefits from the city's commitment to infrastructure improvements. The asking price is $625,000. This property offers a compelling opportunity to establish a strong commercial presence in a dynamic and supportive environment. The APN is 01-144233-18700.

• CAP approach

  CAP return

  Valuation

  6%

  $288,924

  6.5%

  $266,699

  7%

  $247,649

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,541

  Geo Method

  $98,541

• Alternative Use

  Use

  Valuation

  Residential

  $330,706

  Hospitality

  $302,925

  Educational

  $252,030

  Medical

  $260,698

  Retail

  $392,047

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8214

Longitude

-90.6367

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].