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5600 E Johnson Avenue - Movie Theatre Out-Parcel on HWY 49, Jonesboro, AR

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5600 E Johnson Avenue - Movie Theatre Out-Parcel on HWY 49

Jonesboro, AR 72401

Property Type:Land Parcel Size:1.83 Acres
Zoning:C-3 LUO
For Sale Price:$717,435 Price/Acre:$392,041 Price/SF:$9.00

Proposed Use:Commercial

On-Site Improv:-

This 1.82 acre lot, located just past the $400MM NEA Baptist Health System, Arkansas' largest medical project within the last decade, is sandwiched between two major developments in the dynamic Highway 49 North area of Jonesboro. The first, a 20 acre master-planned project anchored by the new state-of-the-art Ridgecrest Nursing Center, sits to the west of the site. This development could potentially tie into NEA Baptist's medical campus through a direct east to west access. The second, a proposed 16-screen movie theatre, sits on the 10 acres to the east of the site.

With frontage on Highway 49 North, this movie theatre out-parcel has exposure to 19,000 cars per day making it ideal for a multiplicity of uses including restaurant, retail, medical office, hospitality, etc.

4 commercial lots remain available in the adjacent development so expansion of the lot size is a possibility.
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.

Coldwell Banker Commercial Village Communities
Ryan George
(870) 935-7800

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