311 S Main St | Jonesboro, AR 72401
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311 S Main St
Jonesboro, AR 72401
Retail For Sale · Retail Property For Sale · 20,000 SF
PROPERTY FACTS
| Price | Not Individually For Sale | Building Class | C |
| Building Size | 20,000 SF | Lot Size | 2.00 AC |
| Property Type | Retail | Parking Ratio | 0/1,000 SF |
| Property Subtype | Storefront Retail/Residential |
| Price | Not Individually For Sale |
| Building Size | 20,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Lot Size | 2.00 AC |
| Parking Ratio | 0/1,000 SF |
Executive Summary
This beautiful multi-story building sits in one of the most visibly prominent locales just down from the Craighead County Courthouse in historic downtown Jonesboro.
The immaculate 6,640 square foot condo atop this building was designed to please with a huge open floor plan and splashes of luxury found throughout. It is currently leased for $2,000 per month. However, this space has a much larger rental potential. It could easily be divided into six smaller apartments.
Roman Touch Salon and Spa occupies the entire 6,640 square foot ground level. The tenant would consider leasing this at a rate of $5,000 per month.
Don Jose Mexican Restaurant is currently located in the 6,640 square foot basement section. The tenant pays $5,000 per month.
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. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, 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. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.
Currently, NEA Baptist is well into the development of their $400 million dollar healthcare facility. This state-of-the-art healthcare 550,000 + SF institution will be the largest in Jonesboro with clinical space for more than 120 physicians. This is the single largest investment made by Baptist in any community and the largest health care investment in AR.
Highlights:
- Great Investment Opportunity
- Basement Leased to Don Jose Mexican Restaurant
- Upscale Salon of First Floor
- Luxury Loft Apartment on the Second Floor - Can Split into 6 Smaller Apartments
- Building is Completely Leased
- Beautiful Views of Downtown Jonesboro
The immaculate 6,640 square foot condo atop this building was designed to please with a huge open floor plan and splashes of luxury found throughout. It is currently leased for $2,000 per month. However, this space has a much larger rental potential. It could easily be divided into six smaller apartments.
Roman Touch Salon and Spa occupies the entire 6,640 square foot ground level. The tenant would consider leasing this at a rate of $5,000 per month.
Don Jose Mexican Restaurant is currently located in the 6,640 square foot basement section. The tenant pays $5,000 per month.
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. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, 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. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.
Currently, NEA Baptist is well into the development of their $400 million dollar healthcare facility. This state-of-the-art healthcare 550,000 + SF institution will be the largest in Jonesboro with clinical space for more than 120 physicians. This is the single largest investment made by Baptist in any community and the largest health care investment in AR.
Highlights:
- Great Investment Opportunity
- Basement Leased to Don Jose Mexican Restaurant
- Upscale Salon of First Floor
- Luxury Loft Apartment on the Second Floor - Can Split into 6 Smaller Apartments
- Building is Completely Leased
- Beautiful Views of Downtown Jonesboro
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