5205 Johnson AveJonesboro, AR 72401

Property Details for 5205 Johnson Ave

Lot size

0.48 AC

Property size (Sq ft)

1,584 SF

Property type

Banks

APN

01-144111-05700

APU

114411105700

Description

This exceptional 1,584 square foot building, formerly an Arvest Bank branch, presents a unique opportunity in Jonesboro, Arkansas's desirable Hilltop area. Located on a 0.51-acre corner lot at 5205 E. Johnson Ave. and Oriole Dr., this Class B property boasts excellent curb appeal and high visibility, benefiting from approximately 23,000 cars passing daily. The single-tenant space features a spacious layout including several interior offices, a lobby/reception area, a large open work area, and a restroom. Zoned C-4 LUO, this versatile property is ideal for a variety of uses, including traditional office space, medical offices, or even a banking facility. The building's existing infrastructure provides a solid foundation for a seamless transition to your desired configuration. Its prime location and high traffic count make it an attractive option for businesses seeking strong visibility and accessibility. The property's APN is 01-144111-05700. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Jonesboro. The entire 1,584 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $532,241

  6.5%

  $491,299

  7%

  $456,207

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,191

  Geo Method

  $311,191

• Alternative Use

  Use

  Valuation

  Residential

  $414,429

  Hospitality

  $379,615

  Educational

  $315,835

  Medical

  $326,697

  Retail

  $491,299

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.8639

Longitude

-90.6297

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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