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2909 Gilmore Drive - Commercial Lot Just Off Hotel Row, Jonesboro, AR

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2909 Gilmore Drive - Commercial Lot Just Off Hotel Row

Jonesboro, AR 72401

Property Type:Land Parcel Size:1.52 Acres
For Sale Price:$849,000 Price/Acre:$558,553 Price/SF:$12.82

Proposed Use:Commercial

On-Site Improv:Raw land

Commercial Lot with Interstate visibility

Sale Notes:
This property is an amazing purchase for anyone looking to build in a centralized location with high visibility. The 1.52 acre site is situated just off of Phillips Drive, which is commonly referred to as Hotel Row, and is one of the last available lots in this area. It also has Highway 63 (future I-555) visibility and is only minutes away from Arkansas State University and the new Mall At Turtle Creek. The property is in close proximity to Cracker Barrel, Holiday Inn Express, Holiday Inn, Comfort Inn and Suites, and the new Hilton Garden Inn.

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. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, 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. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents.

Jonesboro is also the home of the Arkansas State University Red Wolves, which is one of the fastest growing universities in Arkansas and becoming one of the Mid-South' s top institutions.

NEA Baptist is getting settled into their $400 million dollar health care facility, the largest health care investment in Arkansas in the last decade.

Haag Brown Commercial
Joshua Brown
(870) 336-8000

Garrett Mcpherson
(870) 336-5672

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