|
|
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
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
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 | |
| 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 | |
| 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.
PROPERTY TAXES
| Parcel Numbers | 01-144111-01300, 01-144111-01500 | Improvements Assessment | $0 |
| Land Assessment | $182,416 | Total Assessment | $182,416 |
PROPERTY TAXES
MAP
ADDITIONAL PHOTOS
Aerial
With Survey
Zoning Map
Bypass