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5922 Hwy 49 N - Farville Heights Development, Jonesboro, AR

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5922 Hwy 49 N - Farville Heights Development

Jonesboro, AR 72401


Property Type:Land Parcel Size:30.56 Acres
Zoning:Commercial
For Sale Price:$616,000 Price/Acre:$227,832 Price/SF:$0.46

Topography:Level
Proposed Use:Retail

On-Site Improv:Raw land


Strong Location | Farville Heights is located at the corner of Clinton School Road and Highway 49 North, Jonesboro' s up and coming medical/retail corridor. With all the current expansion the area is experiencing, this corner has great potential for becoming a signalized intersection in the future.

Strong Neighboring Tenants | Farville Heights is located in close proximity to several large scale developments. In fact, it is the largest retail development land available next to the new $400 million NEA Baptist Health System campus. The property is also situated less than 600 yards from the new 80 acre Northeast Arkansas District Fairgrounds site.

Excellent Visibility and Exposure | With frontage on Highway 49 North and Clinton School Road, the site has excellent exposure to drive-by traffic which exceeds 20,000 cars per day. When the eastern bypass around the city is complete, it will connect with Hwy 49 directly in front of this site.

Amazing Opportunity | Farville Heights is an excellent location for a big-box retail development. It is well within the Jonesboro City Limits and has access to all city utilities.
Jonesboro is located in Northeast Arkansas along U.S. Highway 63 (soon to be Interstate 555) just 75 miles northwest of Memphis, Tennessee. Jonesboro is the fifth largest city in Arkansas by population and has become the regional center for manufacturing, agriculture, medicine, banking, education, and trade.

There are currently two major hospitals in Jonesboro: St. Bernard' s Regional Medical Center, which is the city' s largest employer and NEA Baptist Memorial, which is in construction on a new $400 million dollar campus along Highway 49 in the upcoming months.

The city is also home to Arkansas State University which is the second largest college system in the state, averaging over 17,000 students. A-State employs over 1,850 people and offers degree levels from associates, bachelors, and masters to specialists.

Jonesboro' s large industrial park features such companies as Nestle, Frito Lay, Post, Hytrol, Unilever, Riceland, and the new $100,000,000 windmill facility, Nordex.

3 Lots Available

Lot 1:
- $2,613,000
- 24 Acres
- Min. Divisible: 24 Acres
- Max. Contiguous: 30.56 Acres

Amazing Location for Big Box Retailer

Lot 2:
- $2,901,096
- 5.55 Acres
- Min. Divisible: 5.55 Acres
- Max. Contiguous: 30.56 Acres

Perfect for Retail Out Pads

Lot 3:
- $528,000
- 1.01 Acres
- Min. Divisible: 1.01 Acres
- Max. Contiguous: 30.56 Acres

A residential property that will be valued as a +/ - 44,000 square foot commercial lot in a quickly expanding location.

Highlights:

30.56 Acre Development
Sits at the Future Signalized Corner of Highway 49 N and Clinton School Road
Priced at Less Than $4.15 Per Square Foot
Just North of the New NEA Baptist Health System Campus
Side Has Access to All City Utilities
Ideal for a Big-Box Retailer

Sale Notes:
Farville Heights is located at the corner of Clinton School Road and Highway 49 North, Jonesboro' s up and coming medical/retail corridor. With all the current expansion the area is experiencing, this corner has been approved for a NEW TRAFFIC SIGNAL.

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.

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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