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207 E Nettleton Ave - Perfect Multi-Family Developement Opportunity 0.48 Acres of Residential Land Offered at $139,900 in Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

  • Excellent location with strong visibility.
  • Exposure to 11,000 High-traffic area with exposure to ~10,000 CPD.
  • Utilities available nearby - easy development access.
  • Features approximately 91 feet of road frontage.
  • Close to schools, restaurants, and retail amenities.
  • Strategic opportunity in Jonesboro’s growing West End corridor.

EXECUTIVE SUMMARY

Jonesboro is a rapidly growing area with high demand for housing creating an ideal canvas for multifamily units to meet the needs of the local community. With a steady population increase driven by economic growth and educational opportunities, Jonesboro has seen an increased demand for multifamily units in particular. Given the demand for multifamily housing and the favorable market conditions, the project presents a promising opportunity for investors seeking attractive returns in the real estate sector.

PROPERTY FACTS

Price $139,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Lodge or Meeting Hall
  • Loft or Creative Space
Total Lot Size 0.48 AC
Zoning R-2 - High density residential development. For single-family, duplex, triplex, and four-plex residential structures, with all municipal services available.

1 LOT AVAILABLE

Lot

Price $139,900
Price Per AC $291,458.33
Lot Size 0.48 AC

Empty lot with multi-family zoning making it the perfect development opportunity.

DESCRIPTION

207 E Nettleton Ave presents a prime opportunity for a multifamily development in Jonesboro, AR. Situated in a rapidly growing area with high demand for housing, this lot offers an ideal canvas for multifamily units to meet the needs of the local community. With proximity to key amenities including schools, shopping centers, restaurants, and recreational facilities and convenient access to major transportation routes, it ensures an easy commute for residents. It is zoned for multifamily development, offers flexibility in design and construction, and essential utilities such as water, electricity, and sewage are nearby for easy connection. Jonesboro has experiencing a steady population growth driven by economic growth and educational opportunities, so it has seen an increased demand for multifamily units in particular. Given the demand for multifamily housing and the favorable market conditions, the project presents a promising opportunity for investors seeking attractive returns in the real estate sector.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-144194-22600
Land Assessment
$6,000
Improvements Assessment
$0
Total Assessment
$6,000
  • Listing ID: 31662727

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: 207 E Nettleton Ave, Jonesboro, AR 72401

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