• Broker Zac Qualls 8702844448
  • Broker Joshua Brown 8703368000

1 AC Sumo Loop - 1 AC Tract Just off Red Wolf Blvd. & Race St. 1 Acre of Commercial Land Offered at $425,000 in Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

  • Amazing Location in Sumo Development, Directly Across from Red Lobster and Longhorn Steakhouse.
  • RARE Opportunity to front Red Wolf Blvd.
  • Close to Major Signalized Intersection.

EXECUTIVE SUMMARY

Haag Brown Commercial is representing a restaurant developer who has master planned over (10) AC that has frontage and direct access from Red Wolf Blvd and Race Street. The 10,000 SF Sumo Japanese Steakhouse, one of Jonesboro's leading regional restaurant draws, anchors the development. Opportunity 1 is 1 acre pad for sale or build to suit on the remaining land in between a future 99-room Residence Inn and American Freight (Formerly FFO Home). Opportunity 2 is a 1.19 acre commercial pad that is available for ground lease or build to suit. At 1.19 AC the pad is small, but has frontage on Red Wolf Boulevard, making it ideal for a fast food or coffee user with a drive-thru. This may be the best fast food/coffee option available in the Jonesboro market.
Jonesboro is located in Northeast Arkansas along U.S. Highway 63 (soon to be Interstate 555) just 75 miles northwest of Memphis, Tennessee. Jonesboro is the fifth largest city in Arkansas by population and has become the regional center for manufacturing, agriculture, medicine, banking, education, and trade.

ATTACHMENTS

Marketing Package

PROPERTY FACTS

Price $425,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
Ground Lease (Leased Fee)
  • Build to Suit
 Proposed Use Commercial
No. Lots 1 Total Lot Size 1.00 AC
Zoning PD-C
Price $425,000
Sale Type Investment
Sale Conditions
Ground Lease (Leased Fee)
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.00 AC
Zoning PD-C

1 LOT AVAILABLE

Lot 1

Price $425,000 Lot Size 1.00 AC
Price Per AC $425,000.00
Price $425,000
Price Per AC $425,000.00
Lot Size 1.00 AC

Located in between American Freight and the future 99-room Residence Inn. Owner will value the land at $250,000 in a build to suit

DESCRIPTION

Red Wolf Boulevard (formerly Stadium Boulevard) is the most traveled thoroughfare in a trade area of over a half million people. There are currently two major hospitals in Jonesboro: St. Bernard' s Regional Medical Center, which is the city' s largest employer and NEA Baptist Memorial, which is in construction on a new $400 million dollar campus along Highway 49 in the upcoming months. The city is also home to Arkansas State University which is the second largest college system in the state. A-State employs many people and offers degree levels from associates, bachelors, and masters to specialists. Jonesboro' s large industrial park features such companies as Nestle, Frito Lay, Post, Hytrol, Unilever, Riceland, and the new $100,000,000 windmill facility, Nordex.

PROPERTY TAXES

Parcel Number 01-144283-08910 Improvements Assessment $0
Land Assessment $30,492 Total Assessment $30,492

PROPERTY TAXES

Parcel Number
01-144283-08910
Land Assessment
$30,492
Improvements Assessment
$0
Total Assessment
$30,492

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ADDITIONAL PHOTOS

View Photo Screenshot 2024-07-22 at 3.38.22 PM
View Photo Screenshot 2024-07-22 at 3.38.31 PM