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901 S. Caraway Rd - Golf Course Residential/Caraway Rd. Comm. 12.78 Acres of Commercial Land Offered at $3,763,284 in Jonesboro, AR 72401
Investment Highlights
- Student housing development potential with 1100'+ Jonesboro Country Club Golf Course Frontage
- ALF potential on this Commercial Property located between of St. Bernards & Arkansas State University,
- Master Planned Development opportunity for zero lot line lots on the golf course and commercial outparcels available
- Potential Nursing Home Site on Commercial Property located at the hard corner of Caraway Road and Matthews Avenue,
- The property will most likely be developed under the PUD odinance which allows for flexible development
Executive Summary
The site offers extraordinary attributes rarely found in combination: 1,100 linear feet of frontage along the Jonesboro Country Club (JCC) golf fairway, a public transit stop directly across the street with direct ASU service, two commercial pad sites with prime road frontage, and a broad, flat upper portion ideally suited for residential or institutional development. With the imminent launch of ASU's veterinary school adding 120 students per year for four consecutive years, demand for housing and services in this immediate area has never been stronger. 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
1 Lot Available
Lot
| Price | $3,763,284 | Lot Size | 12.78 AC |
| Price Per AC | $294,459.16 |
| Price | $3,763,284 |
| Price Per AC | $294,459.16 |
| Lot Size | 12.78 AC |
This is a 12.78 acre tract of land zoned C-3 and R-2 with 1100 LF of course frontage with 212' of Caraway Rd commercial frontage and 429' of Matthews Ave. commercial frontage. This is one of the only remaining tracts of this size.
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. Seller financing will be considered
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-144201-00800 | Improvements Assessment | $0 |
| Land Assessment | $287,726 | Total Assessment | $287,726 |
Property Taxes
Parcel Number
01-144201-00800
Land Assessment
$287,726
Improvements Assessment
$0
Total Assessment
$287,726
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901 S. Caraway Rd - Golf Course Residential/Caraway Rd. Comm.