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2911 Browns Ln - Rare Multi-Family Zoning Opportunity
3.36 Acres of Commercial Land Offered at $1,100,000 in Jonesboro, AR 72401
Investment Highlights
- Rare, multi-family zoning opportunity
- A strategic location with desirable zoning creating the potential for various development opportunities
- Large lot, perfect for development
- Close proximity to essential amenities and major roadways
- Located within a well established neighborhood
- 3,100 vehicles per day on Browns Lane and 37,000 vehicles per day on I-555
Executive Summary
Property Facts Under Contract
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 3.36 AC |
| Price Per AC | $327,381 |
| Price | $1,100,000 |
| Price Per AC | $327,381 |
| Lot Size | 3.36 AC |
3.36 acre lot with one of the rarest zoning opportunities available in Jonesboro, AR | R-3.
Description
Approximately 3.4 acres, situated at 2911 Browns Lane, offers a prime spot within a well-established neighborhood. Close proximity to essential amenities and major roadways ensures convenience for residents and businesses alike. The property's rare R-3 zoning status represents a significant advantage for potential developers. This zoning designation allows for a high density residential development making it perfect for apartments, condos, townhouses, or multi-family dwellings. The region's strong real estate market and the scarcity of available properties with R-3 zoning make this opportunity particularly attractive. With a growing population and increased demand for quality housing and amenities, the development at 2911 Browns Lane is well-positioned for a successful venture with substantial potential for long-term economic viability. Additionally, the exciting development of Reedmont is currently under construction just one street over, increasing traffic and generating interest in the neighborhood. The combination of strategic location, desirable zoning, and the potential for various development options makes this property a compelling investment prospect.
PROPERTY TAXES
| Parcel Number | 01-144293-00900 | Improvements Assessment | $0 |
| Land Assessment | $157,328 | Total Assessment | $157,328 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 (The maximum density in this zone is eighteen(18) dwelling units to the acre.) |
| R-3 (The maximum density in this zone is eighteen(18) dwelling units to the acre.) |
Contacts
-
Jerry L Halsey, Jr. -
Taylor Wilson -
Landon Wilson -
Halsey Thrasher Harpole Real Estate Group
Presented by
2911 Browns Ln - Rare Multi-Family Zoning Opportunity
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