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311 S Main Street, Jonesboro, AR

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DetailMap
311 S Main Street

Jonesboro, AR 72401


Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1936
Building Size:19,000 SF Land Area:2 AC (87,120 SF)
For Sale Price:$1,850,000 Price/SF:$97.37
Cap Rate:-
Features:Restaurant, Signage


This beautiful multi-story building sits in one of the most visibly prominent locales just down from the Craighead County Courthouse in historic downtown Jonesboro.

The immaculate 6,640 square foot condo atop this building was designed to please with a huge open floor plan and splashes of luxury found throughout. It is currently leased for $2,000 per month. However, this space has a much larger rental potential. It could easily be divided into six smaller apartments.

Roman Touch Salon and Spa occupies the entire 6,640 square foot ground level. The tenant would consider leasing this at a rate of $5,000 per month.

Don Jose Mexican Restaurant is currently located in the 6,640 square foot basement section. The tenant pays $5,000 per month.
Located along U.S. Highway 63 (soon to be 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.

Currently, NEA Baptist is well into the development of their $400 million dollar healthcare facility. This state-of-the-art healthcare 550,000 + SF institution will be the largest in Jonesboro with clinical space for more than 120 physicians. This is the single largest investment made by Baptist in any community and the largest health care investment in AR.

Highlights:

- Great Investment Opportunity
- Basement Leased to Don Jose Mexican Restaurant
- Upscale Salon of First Floor
- Luxury Loft Apartment on the Second Floor - Can Split into 6 Smaller Apartments
- Building is Completely Leased
- Beautiful Views of Downtown Jonesboro

Sale Notes:
This beautiful multi-story building sits in one of the most visibly prominent locales just down from the Craighead County Courthouse in historic downtown Jonesboro.

Seller will guarantee a lease on the basement and 1st floor for a total of $10,000 per month for 36 months.
The immaculate 6,640 square foot condo atop this building was designed to please with a huge open floor plan and splashes of luxury found throughout. It is currently leased for $2,000 per month. However, this space has a much larger rental potential. It could easily be divided into six smaller apartments.

Roman Touch Salon and Spa and Occasions currently occupy the first floor.

The basement which is 6600 sq ft is currently a fully equipped restaurant available for lease.
Located along U.S. Highway 63 (soon to be 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.

Currently, NEA Baptist is well into the development of their $400 million dollar healthcare facility. This state-of-the-art healthcare 550,000 + SF institution will be the largest in Jonesboro with clinical space for more than 120 physicians. This is the single largest investment made by Baptist in any community and the largest health care investment in AR.

Arnold Group Real Estate
Kent E Arnold
(870) 932-2600 x19

Kent A Arnold, Jr
(870) 932-2600

Missy Weaver
(870) 932-2600




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