3701 Johnson AveJonesboro, AR 72401

Property Details for 3701 Johnson Ave

Year built

1899

Lot size

0.28 AC

Property size (Sq ft)

1,164 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

01-144102-01201

APU

114410201201

Description

This exceptional commercial property, located at 3701 E Johnson Ave, Jonesboro, AR 72401, offers 3,600 square feet of immediately available space within a larger 10,700 square foot building situated on a 1.6-acre lot. The property is classified as retail and office space, suitable for a single tenant. This modern building is part of a new development completed in August 2013, featuring three buildings along Highway 49 North, strategically positioned between the intersections of Highway 49 & Old Greensboro Road and Highway 49 & Airport Road. The entire 6,600 square foot building at the rear of the development and the entire 2,400 square foot building in the middle are available for lease. This area is experiencing significant growth, fueled by the recent opening of the Nea Baptist Healthcare System campus, creating high demand for lease space. This presents a rare opportunity in a thriving market with limited available options. Lease rates are negotiable, contingent upon tenant quality and lease term. The property's prime location and the current market conditions make this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $391,117

  6.5%

  $361,031

  7%

  $335,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,679

  Geo Method

  $228,679

• Alternative Use

  Use

  Valuation

  Residential

  $304,543

  Hospitality

  $278,960

  Educational

  $232,091

  Medical

  $240,073

  Retail

  $361,031

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8589

Longitude

-90.6525

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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