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RARE +/- 15,600 SF Flex Building Off I-555 3301 S Caraway Rd 15,600 SF Flex Building Jonesboro, AR 72404 $1,650,000 ($105.77/SF)
INVESTMENT HIGHLIGHTS
- RARE Flex Space in Jonesboro, AR
- Warehouse Space with 11 Ground Level Overhead Doors
- Excellent Visibility & Exposure from S. Caraway Rd.
- Beautiful Updated Interior Office Space - Paint, Flooring, Lighting, etc.
- Multi-Level Office Space with Large Upstairs Training/Conference Room
- With Rising Construction Costs, Excellent Opportunity to Own & Occupy Less Than Replacement Cost
EXECUTIVE SUMMARY
This 15,600 square foot office building is situated on 1.62 acres just south of Interstate 555 on South Caraway Rd. which lends the property excellent exposure to approximately 18,000 cars per day. The building consists of approximately 6,000 square feet of warehouse space leaving approximately 9,600 square feet of two-story office space which includes a newly renovated lobby area & conference room, updated individual offices, & a nice open area multi-functional room. The site has ample parking with an additional open area that, with a very small investment, could double the current parking capacity.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$14,922
|
$0.96
|
| Operating Expenses |
$4,200
|
$0.27
|
| Total Expenses |
$19,122
|
$1.23
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $14,922 |
| Annual Per SF | $0.96 |
| Operating Expenses | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $0.27 |
| Total Expenses | |
|---|---|
| Annual | $19,122 |
| Annual Per SF | $1.23 |
PROPERTY FACTS
| Price | $1,650,000 | Rentable Building Area | 15,600 SF |
| Price Per SF | $105.77 | No. Stories | 2 |
| Sale Type | Owner User | Year Built/Renovated | 1998/2020 |
| Property Type | Flex | Tenancy | Single |
| Building Class | B | No. Drive In / Grade-Level Doors | 11 |
| Lot Size | 1.62 AC | ||
| Zoning | C-3 | ||
| Price | $1,650,000 |
| Price Per SF | $105.77 |
| Sale Type | Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 1.62 AC |
| Rentable Building Area | 15,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2020 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 11 |
| Zoning | C-3 |
AMENITIES
- 24 Hour Access
- Yard
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01-144321-02600 | Total Assessment | $319,664 (2024) |
| Land Assessment | $48,090 (2024) | Annual Taxes | $14,922 ($0.96/SF) |
| Improvements Assessment | $271,574 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
01-144321-02600
Land Assessment
$48,090 (2024)
Improvements Assessment
$271,574 (2024)
Total Assessment
$319,664 (2024)
Annual Taxes
$14,922 ($0.96/SF)
Tax Year
2023 Payable 2024
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RARE +/- 15,600 SF Flex Building Off I-555 | 3301 S Caraway Rd
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