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5209 E Johnson Ave - HWY 49 N - Com. Tract Across from Ridgecrest 2 - 2.28 Acre Commercial Land Lots Offered at $1,191,804 - $1,219,680 Per Lot in Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

Land Along Busy Highway 49 N Corridor - Fastest Growing Area of Jonesboro
Across from New Ridgecrest Nursing Center
Excellent Visibility

Exposure to Approximately 23,000 Cars Per Day
High Demand for Development Land

EXECUTIVE SUMMARY

This 4.28 acre property sits beside Arvest Bank along East Johnson Avenue, which has become better known as Highway 49 North. Since the opening of the $400 million NEA Baptist Healthcare Campus in 2014, this has become one of the fastest growing areas in Jonesboro, with several banks, national retailers and restaurants opening such as First Security Bank, Auto Zone, Burger King, Sonic, Dairy Queen, Firehouse Subs, Subway, Arby’s, and O’Reilly Auto Parts.
With so many different businesses gravitating to the area, the demand for land is high. This site provides an excellent opportunity for those seeking a highly visible venue across from the new Ridgecrest Nursing Center and proposed movie theater. The property has exposure to about 23,000 cars per day.

PROPERTY FACTS

Price	$1,191,804 - $2,411,484	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office
No. Lots	2	Total Lot Size	4.28 AC
Property Type	Land
Zoning	Commercial - C-4

Price	$1,191,804 - $2,411,484
Sale Type	Investment
No. Lots	2
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office
Total Lot Size	4.28 AC
Zoning	Commercial - C-4

2 LOTS AVAILABLE

Lot 1

Price	$1,191,804	Lot Size	2.28 AC
Price Per AC	$522,721.05

Price	$1,191,804
Price Per AC	$522,721.05
Lot Size	2.28 AC

2.28 AC Lot Adjacent to Former Arvest Bank

Lot 2

Price	$1,219,680	Lot Size	2.00 AC
Price Per AC	$609,840.00

Price	$1,219,680
Price Per AC	$609,840.00
Lot Size	2.00 AC

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. NEA Baptist is getting settled into their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade.