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2319 E Matthews Ave 7,500 SF 100% Leased Retail Building Jonesboro, AR 72401 $1,100,000 ($146.67/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased providing immediate income.
- Surrounded retail anchors including Walmart, Sam’s Club, Kroger, McDonald’s, and more.
- Corridor supported by dense neighborhoods and established commercial activity.
- Strategic location near Arkansas State University and the established Matthews Medical Mile.
- Flexible multi-suite layout ideal for service retail, medical, or professional office users.
- Billboard easement in place; billboard not included.
EXECUTIVE SUMMARY
2315–2319 E Matthews Ave presents a fully leased neighborhood retail investment in one of Jonesboro’s most established commercial corridors. Positioned along the Matthews Medical Mile and minutes from Arkansas State University, the property benefits from consistent traffic, strong surrounding demographics, and long-term commercial stability.
The multi-suite building is 100% occupied by a complementary mix of service-oriented tenants, providing immediate income and diversified rent streams. Flexible suite layouts support medical, professional office, and service retail uses, making the asset well-suited for long-term tenancy.
Surrounded by major national retailers, regional shopping destinations, dense residential neighborhoods, and institutional demand drivers, the location offers durable fundamentals and steady visibility. A billboard easement is in place, with the billboard excluded from the sale.
This offering represents a stabilized investment opportunity in a proven corridor with established tenancy and continued demand.
The multi-suite building is 100% occupied by a complementary mix of service-oriented tenants, providing immediate income and diversified rent streams. Flexible suite layouts support medical, professional office, and service retail uses, making the asset well-suited for long-term tenancy.
Surrounded by major national retailers, regional shopping destinations, dense residential neighborhoods, and institutional demand drivers, the location offers durable fundamentals and steady visibility. A billboard easement is in place, with the billboard excluded from the sale.
This offering represents a stabilized investment opportunity in a proven corridor with established tenancy and continued demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
7,500 SF
Building Class
B
Year Built
2008
Price
$1,100,000
Price Per SF
$146.67
Cap Rate
7.50%
NOI
$82,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.65 AC
Zoning
C-3 - General Commercial District
Parking
28 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
132’ on E Mathews Ave
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-144212-01900 | Improvements Assessment | $119,885 |
| Land Assessment | $22,651 | Total Assessment | $142,536 |
PROPERTY TAXES
Parcel Number
01-144212-01900
Land Assessment
$22,651
Improvements Assessment
$119,885
Total Assessment
$142,536
CONTACTS
-
Taylor Wilson -
Landon Wilson -
Jerry L Halsey, Jr. -
Halsey Thrasher Harpole Real Estate Group
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2319 E Matthews Ave
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