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Investment Highlights

  • 1100'+ Jonesboro Country Club Golf Course Frontage Zoned R-2 (+- 7 acres)
  • Commercial Property on the front porch of St. Bernards and Arkansas State University, the largest two employers N of Little Rock and W of Fayetteville
  • R-2 golf course front property that highly desirable for gated single family, single family, condominium, or multifamily development.
  • Commercial Property located at the hard corner of Caraway Road and Matthews Avenue, Jonesboro, AR.
  • Commercial Property on the front porch of St. Bernards and Arkansas State University, the largest two employers East of Little Rock.

Executive Summary

This 12+ acres is divided into two zoning classifications offering opportunities for prime commercial development along Caraway Road and Matthews Avenue as well as highly sought after residential development along the Jonesboro Country Club golf course. Located in the center of Jonesboro near St. Bernards Medical Center and Arkansas State University, this property offers easy access to shopping, dining, and entertainment. The commercial property is preplanned with driveway easements to allow commercial access to all of the commercial property from Caraway Road and Matthews Avenue. Depending on how the property is developed, future residents may have pedestrian and golf cart access to the Jonesboro Country Club, Birdland, Marshall Estates, Country Club Terrace, Natural Grocers, and multiple restaurants, all without crossing a public street.

Property Facts

Price $3,750,000
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Fast Food
  • Hold For Development
  • Hold For Investment
  • Master Planned Community
  • Medical
  • Neighborhood Center
  • Planned Unit Development
  • Single Family Development
Total Lot Size 12.78 AC
Cross Streets Matthews Avenue
Zoning R-2 and C-3 - R-2 zoning may be used for gated single family, single family, condominium, and/or multifamily homes. C-3 zoning is for restaurant/retail /office.

1 Lot Available

Lot

Price $3,750,000
Price Per AC $293,419.75
Lot Size 12.78 AC

This property has approximately 1100' of J'boro Country Club golf course frontage (7 ac.) with 212' of Caraway Rd commercial frontage and 429' of Matthews Ave. frontage. Conceptual Site Plans, topo. map, and R-2 zoning materials are attached.

Description

This 12+ acre property has a great deal of flexibility for development, whether with its current zoning or with rezoning. Requests for more information may be made via e-mail regarding utility locations, zoning requirements, fire apparatus entrance options, etc. Realtors are welcome to request single party listings and/or telephone, electronic or in person meetings via e-mail. Seller financing will be considered.

  • Listing ID: 39768840

  • Date on Market: 3/13/2026

  • Last Updated:

  • Address: 901 S. Caraway Rd, Jonesboro, AR 72401

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