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5512 E Johnson Ave - HWY 49 N - At Entrance to Ridgecrest Rehab 2 - 2.26 Acre Commercial Land Lots Offered at $343,604 - $970,674 Per Lot in Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

  • Located Past the Largest Medical Project in Arkansas in the Last Decade.
  • Utilities and Street Infrastructure will be Provided.
  • Largest Master-Planned Project in Dynamic Hwy 49 N Sector.
  • Frontage on Highway 49 N.
  • In Front of New State-of-the-Art Nursing Care Facility.
  • Medical or Retail Build to Suit Available.

EXECUTIVE SUMMARY

These 4 commercial tracts, totaling 8.52 acres, are located near the hard corner of Highway 49 North and Greenway Lane. The property has exposure to over 19,000 cars per day and could potentially tie directly into NEA Baptist’s Medical Campus through a direct East to West Access. This development would be ideal for a multiplicity of uses including restaurant, retail, medical office, hospitality, etc. Medical and retail build-to-suit is available. City utilities are also available and street infrastructure will be provided to the site.

PROPERTY FACTS

Price $343,604 - $2,180,610
Sale Type Owner User
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 6.28 AC
Zoning Commercial - Commercial

3 LOTS AVAILABLE

Lot 2

Price $343,604
Price Per AC $171,802.00
Lot Size 2.00 AC

Lot 3

Price $866,332
Price Per AC $428,877.23
Lot Size 2.02 AC

Lot 4

Price $970,674
Price Per AC $429,501.77
Lot Size 2.26 AC

DESCRIPTION

This site, located just east of the $400MM NEA Baptist Health System, Arkansas' largest medical project within the last decade, is part of the second largest master-planned project in the dynamic Highway 49 North area of Jonesboro. Ridgecrest, a new state-of-the-art nursing home facility, sits on 10 acres of the project while the remaining acreage is committed to commercial development. The site is located in the up and coming Brookland School District which serves approximately 1,960 students in Northeast Arkansas between Jonesboro and Paragould. The district also accepts non-resident students. Due to the economic boom in this area, the Brookland School District is expected to grow rapidly over the next several years.

  • Listing ID: 9988125

  • Date on Market: 11/15/2017

  • Last Updated:

  • Address: 5512 E Johnson Ave, Jonesboro, AR 72401

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