4212 Johnson AveJonesboro, AR 72401

Property Details for 4212 Johnson Ave

Year built

2003

Lot size

1.41 AC

Property size (Sq ft)

14,750 SF

Property type

Auto shops

APN

01-144101-15100

APU

114410115100

Description

This exceptional 15,000-square-foot Class A medical office building presents a unique investment opportunity in Jonesboro, Arkansas. Located at 4212 E Johnson Ave, 72401, in Craighead County, this single-tenant property boasts a prime location in the thriving Hilltop area. Its strategic placement between NEA Baptist Hospital Campus and Arkansas State University ensures high visibility and accessibility, with over 31,000 vehicles passing daily. The building is ideally suited for medical practitioners or other office tenants seeking a modern, well-appointed space. The surrounding area is experiencing significant growth, with new dining, retail, medical, and residential developments creating a vibrant and dynamic environment. This property offers unparalleled convenience and exposure, making it an ideal location to establish or expand a business. The building's contemporary design and prime location within a rapidly developing area promise strong returns and long-term growth potential. This is a rare opportunity to secure a high-quality space in a thriving commercial corridor. The property is categorized as Retail and Office, specifically a Medical Office, and offers a single tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,956,158

  6.5%

  $4,574,916

  7%

  $4,248,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,897,773

  Geo Method

  $2,897,773

• Alternative Use

  Use

  Valuation

  Residential

  $3,859,112

  Hospitality

  $3,534,926

  Educational

  $2,941,017

  Medical

  $3,042,164

  Retail

  $4,574,916

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8627

Longitude

-90.6467

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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