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5512 E Johnson Avenue - Lot 1, Jonesboro, AR

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5512 E Johnson Avenue - Lot 1

Jonesboro, AR 72401

Property Type:Land Parcel Size:2.5 Acres
For Sale Price:$871,200 Price/Acre:$348,480 Price/SF:$8.00

Portfolio:This property is for sale (for $1,209,880) as part of a portfolio of 4 properties. Topography:-
Proposed Use:Retail

On-Site Improv:-

Sale Notes:
Frontage to Hwy 49's Newest Medical Development

This site, located just east of the $400MM NEA Baptist Health System, Arkansas' largest medical project within the last decade, is part of the second largest master-planned project in the dynamic Highway 49 North area of Jonesboro. Ridgecrest, a new state-of-the-art nursing home facility, sits on 10 acres of the project while the remaining acreage is committed to commercial development.

These 4 commercial tracts, totaling 8.52 acres, are located near the hard corner of Highway 49 North and Greenway Lane. The property has exposure to over 19,000 cars per day and could potentially tie directly into NEA Baptist' s Medical Campus through a direct East to West Access.

This development would be ideal for a multiplicity of uses including restaurant, retail, medical office, hospitality, etc. Medical and retail build-to-suit is available. City utilities are also available and street infrastructure will be provided to the site.

The site is located in the up and coming Brookland School District which serves approximately 1,960 students in Northeast Arkansas between Jonesboro and Paragould. The district also accepts non-resident students. Due to the economic boom in this area, the Brookland School District is expected to grow rapidly over the next several years.

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.

Haag Brown Commercial
Joshua Brown
(870) 336-8000

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