3637 Johnson AveJonesboro, AR 72401

Property Details for 3637 Johnson Ave

Lot size

0.80 AC

Property size (Sq ft)

6,721 SF

Property type

Office buildings

APN

01-144102-01200

APU

114410201200

Description

This exceptional 3,600 square foot space is part of a recently renovated, 6,600 square foot building located at 3637 E Johnson Ave, Jonesboro, AR 72401. The property, zoned C-3 LUO, sits on a 0.8-acre lot in Craighead County (APN: 01-144102-01200) and offers a prime location along Highway 49 North, benefiting from high visibility and traffic flow between major intersections. The building features two suites, with this 3,600 square foot space representing the final available unit in a thriving development. Ideal for medical, office, or retail uses, this space provides a versatile layout suitable for a variety of businesses. The high demand and low supply of comparable lease space in this rapidly growing area make this a unique opportunity for businesses seeking to establish or expand their presence in a dynamic and high-traffic location. The property is available for lease as a single, contiguous space. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,536,278

  6.5%

  $1,418,103

  7%

  $1,316,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $523,969

  Geo Method

  $523,969

• Alternative Use

  Use

  Valuation

  Residential

  $1,758,447

  Hospitality

  $1,610,728

  Educational

  $1,340,107

  Medical

  $1,386,195

  Retail

  $2,084,611

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8583

Longitude

-90.6528

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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