Joshua Brown 8703368000
Zac Qualls 8702844448

2301 Browns Ln - Class A Mixed Use Office/Retail Development 0.47 - 3.22 Acre Commercial Land Lots Offered at $10,000 - $981,842 Per Lot in Jonesboro, AR 72401

INVESTMENT HIGHLIGHTS

In the Center of Jonesboro's Professional Office Area
Has Frontage on Several Major Roads

Directly Across from New Ritter Headquarters
Great for Multi-Purpose Development

EXECUTIVE SUMMARY

This 38+ acre mixed use development known as Hill Park is located in the center of Jonesboro’s professional office and retail district. It has quick and easy access to Downtown Jonesboro, Red Wolf Boulevard, North Jonesboro and Southwest Drive. With frontage on Highland Drive, Browns Lane, and Mayfield Drive, the site has excellent exposure to drive-by traffic counts which average approximately 26,700 cars per day.
The Hill Park area is home to the Ritter Communications headquarters, which is in a rare 30,000 SF LEED Certified Building, Stephens, Inc, Jones & Company, Ritter Communications’ new Data Center and Pain Treatment Centers of America’s new facility. It is also in close proximity to several national restaurants and retailers, banks, as well as, local and national businesses. These include the Wal-Mart Super Center, Hobby Lobby, Shoe Carnival, El Acapulco, Newk’s, Fazoli’ s, IBERIABANK, Arvest Bank, and Shelter Insurance.
It is easy to see why the office lots offered are the best Class A Office locations in the Jonesboro trade area.

Marketing Package

PROPERTY FACTS

Price	$10,000 - $2,239,199	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Office
No. Lots	6	Total Lot Size	6.96 AC
Property Type	Land
Zoning	C-3

Price	$10,000 - $2,239,199
Sale Type	Investment
No. Lots	6
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Office
Total Lot Size	6.96 AC
Zoning	C-3

6 LOTS AVAILABLE

Lot 2

Price	$231,474	Lot Size	0.59 AC
Price Per AC	$392,328.81

Price	$231,474
Price Per AC	$392,328.81
Lot Size	0.59 AC

25,719.29 SF @ $9PSF

Lot 3

Price	$231,620	Lot Size	0.59 AC
Price Per AC	$392,576.27

Price	$231,620
Price Per AC	$392,576.27
Lot Size	0.59 AC

25,735.60 SF @ $9 PSF

Lot 6

Price	$184,263	Lot Size	0.47 AC
Price Per AC	$392,048.94

Price	$184,263
Price Per AC	$392,048.94
Lot Size	0.47 AC

20,473.70 SF @ $9 PSF

Lot Tract 1

Price	$600,000	Lot Size	1.50 AC
Price Per AC	$400,000.00

Price	$600,000
Price Per AC	$400,000.00
Lot Size	1.50 AC

65,340 SF @ $9.18 PSF

Lot Tract 2

Price	$981,842	Lot Size	3.22 AC
Price Per AC	$304,919.88

Price	$981,842
Price Per AC	$304,919.88
Lot Size	3.22 AC

140,263.20 SF @ $7 PSF

Lot Drainage

Price	$10,000	Lot Size	0.59 AC
Price Per AC	$16,949.15

Price	$10,000
Price Per AC	$16,949.15
Lot Size	0.59 AC

Drainage Easement - 0.59 AC - $10,000

DESCRIPTION

This development can be directly accessed from Highland Drive, Browns Lane, Windover, & Mayfield Drive. Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Jonesboro continues to be the primary bastion of growth and investment. Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South' s top institutions.