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2301 Browns Ln - Class A Mixed Use Office/Retail Development

0.47 - 3.22 Acre Commercial Land Lots Offered at $14,220 - $1,396,179 CAD Per Lot in Jonesboro, AR 72401

Investment Highlights

  • In the Center of Jonesboro's Professional Office Area
  • Has Frontage on Several Major Roads
  • Directly Across from New Ritter Headquarters
  • Great for Multi-Purpose Development

Executive Summary

This 38+ acre mixed use development known as Hill Park is located in the center of Jonesboro’s professional office and retail district. It has quick and easy access to Downtown Jonesboro, Red Wolf Boulevard, North Jonesboro and Southwest Drive. With frontage on Highland Drive, Browns Lane, and Mayfield Drive, the site has excellent exposure to drive-by traffic counts which average approximately 26,700 cars per day.
The Hill Park area is home to the Ritter Communications headquarters, which is in a rare 30,000 SF LEED Certified Building, Stephens, Inc, Jones & Company, Ritter Communications’ new Data Center and Pain Treatment Centers of America’s new facility. It is also in close proximity to several national restaurants and retailers, banks, as well as, local and national businesses. These include the Wal-Mart Super Center, Hobby Lobby, Shoe Carnival, El Acapulco, Newk’s, Fazoli’ s, IBERIABANK, Arvest Bank, and Shelter Insurance.
It is easy to see why the office lots offered are the best Class A Office locations in the Jonesboro trade area.

Property Facts

Price $14,220 - $3,446,048 CAD
Sale Type Investment
No. Lots 7
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
Total Lot Size 7.43 AC

7 Lots Available

Lot 2

Price $329,156 CAD
Price Per AC $557,892 CAD
Lot Size 0.59 AC

25,719.29 SF @ $9PSF

Lot 3

Price $329,364 CAD
Price Per AC $558,243 CAD
Lot Size 0.59 AC

25,735.60 SF @ $9 PSF

Lot 6

Price $262,022 CAD
Price Per AC $557,494 CAD
Lot Size 0.47 AC

20,473.70 SF @ $9 PSF

Lot 7

Price $261,907 CAD
Price Per AC $557,249 CAD
Lot Size 0.47 AC

20,464.68 SF @ $9 PSF

Lot Tract 1

Price $853,200 CAD
Price Per AC $568,800 CAD
Lot Size 1.50 AC

65,340 SF @ $9.18 PSF

Lot Tract 2

Price $1,396,179 CAD
Price Per AC $433,596 CAD
Lot Size 3.22 AC

140,263.20 SF @ $7 PSF

Lot Drainage

Price $14,220 CAD
Price Per AC $24,102 CAD
Lot Size 0.59 AC

Drainage Easement - 0.59 AC - $10,000

Description

This development can be directly accessed from Highland Drive, Browns Lane, Windover, & Mayfield Drive. Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-144292-13000
Land Assessment
$28,681 CAD
Improvements Assessment
$0 CAD
Total Assessment
$28,681 CAD

zoning

Zoning Code C-3
C-3
  • Listing ID: 8709853

  • Date on Market: 2017-08-17

  • Last Updated:

  • Address: 2301 Browns Ln, Jonesboro, AR 72401

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