• Broker Joshua Brown 8703368000
  • Broker Zac Qualls 8702844448

2523 Browns Ln - Office Lot By Stephens Inc 0.7 Acres of Commercial Land Offered at $229,080 in Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

  • Centralized Location!!!
  • Near Signalized Intersection.
  • Beside New Stephens Inc.
  • Quick and easy access to Downtown Jonesboro, Red Wolf Boulevard, North Jonesboro and Southwest Drive.

EXECUTIVE SUMMARY

JOIN Ritter Communications, who just built their corporate headquarters in a NEW 30,000 SF LEED Certified Building, and The Reserve at Hill Park, a 27-acre lifestyle oriented office park, in this state of the art development. This office lot is the single best Class A Office location in the Jonesboro trade area. This office development is located in the center of Jonesboro’s professional office and retail district. It has. The property has frontage directly on Browns Lane beside Stephens, Inc. lending it exposure to drive-by traffic counts which average approximately 7,100 cars per day. This development is in close proximity to several national restaurants and retailers, banks, and professional/medical offices. These include the Wal-Mart Super Center, Hobby Lobby, Shoe Carnival, El Acapulco, Fazoli’s, Newk’s, IBERIABANK, Arvest Bank, Shelter Insurance, Stephen’s Inc, All Care Pharmacy, Majewski Plastic Surgery and Spa, and NEA Clinic.

PROPERTY FACTS

Price $229,080 Property Subtype Commercial
Sale Type Investment Proposed Use Commercial
No. Lots 1 Total Lot Size 0.70 AC
Property Type Land
Zoning Commercial
Price $229,080
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.70 AC
Zoning Commercial

1 LOT AVAILABLE

Lot Lot 1

Price $229,080 Lot Size 0.70 AC
Price Per AC $327,257.14
Price $229,080
Price Per AC $327,257.14
Lot Size 0.70 AC

This commercial lot is ideal for anyone looking to locate in a very centralized, upscale professional office area.

DESCRIPTION

Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them! 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. Currently, NEA Baptist is well into the development of their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade.

PROPERTY TAXES

Parcel Number 01-144292-00300 Improvements Assessment $1,295,639
Land Assessment $172,144 Total Assessment $1,467,783

PROPERTY TAXES

Parcel Number
01-144292-00300
Land Assessment
$172,144
Improvements Assessment
$1,295,639
Total Assessment
$1,467,783

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