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5922 Hwy 49 N - Farville Heights Development
22 Acres of Commercial Land Offered at $3,833,280 in Jonesboro, AR 72401
Investment Highlights
- 29.55 AC Development in the Farville Curve
- Just North of the New NEA Baptist Health System Campus.
- Ideal for Retail Outpads
- Sits at the Future Signalized Corner of Highway 49 N and Clinton School Road
- Site Has Access to All City Utilities
Executive Summary
The site is in close proximity to several large scale developments. It is just east of the new $400 MM NEA Baptist Health System Campus and the Ridgecrest Development, home of the 64,795 SF Ridgecrest Health and Rehabilitation Center and new 16 screen movie theater. It also sits less than 600 yards from the new 80 acre Nettleton Baptist Church campus.
With 922 feet of frontage on Highway 49 North and 570 feet of frontage on Clinton School Road, the site has excellent exposure to drive-by traffic which exceeds 23,000 cars per day. When the eastern bypass around the city is complete, it will connect with Hwy 49 directly in front of this site at a BRAND NEW TRAFFIC SIGNAL.
Farville Heights is well WITHIN the JONESBORO CITY LIMITS, has multiple points of access and all city utilities are available, making it a very likely location for the next major retail development. There is definite big box potential with a proven market demand for grocery and retail. The resulting out-pad opportunities provide rare, high profile sites in a booming market.
Property Facts
| Price | $3,833,280 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 22.00 AC |
| Property Type | Land |
| Price | $3,833,280 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 22.00 AC |
1 Lot Available
Lot 1
| Price | $3,833,280 | Lot Size | 22.00 AC |
| Price Per AC | $174,240 |
| Price | $3,833,280 |
| Price Per AC | $174,240 |
| Lot Size | 22.00 AC |
22AC | 958,320 Available @ $4.00 PSF
Description
Located along Interstate 555, Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them! Jonesboro continues to be the primary bastion of growth and investment. Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. Farville Heights is well WITHIN the JONESBORO CITY LIMITS, has multiple points of access and all city utilities are available, making it a very likely location for the next major retail development. There is definite big box potential with a proven market demand for grocery and retail. The resulting out-pad opportunities provide rare, high profile sites in a booming market.
PROPERTY TAXES
| Parcel Number | 01-144013-28700 | Improvements Assessment | $0 |
| Land Assessment | $83,470 | Total Assessment | $83,470 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
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Joshua Brown -
Mason Coy -
Haag Brown Commercial
Presented by
5922 Hwy 49 N - Farville Heights Development
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