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Race St & Fair Park Boulevard, Jonesboro, AR

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Race St & Fair Park Boulevard

Caraway Rd to Fair Park Blvd
Jonesboro, AR 72401-0000

Property Type:Land Parcel Size:14.01 Acres
For Sale Price:$4,300,000 Price/Acre:$306,924 Price/SF:$7.05

Proposed Use:Commercial, MultiFamily

On-Site Improv:-

Sale Notes:
Jonesboro's main retail market can be divided into a grid bordered to the north by Nettleton Avenue, the south by US Hwy 63, the east by Stadium Boulevard and the west by Caraway Road. This development lies at the exact center of these boundaries just 773 FT from the Fairgrounds Re-Development which has added Starbucks, Men's Wearhouse, The Refinery, Cheddar's, Panera Bread, Sissy's Log Cabin, Academy Sports, Qdoba, and The Everyday Chef within the past 3 years.

This 14.01 acre tract is located at the signalized corner of Race Street and Fairpark Boulevard. With 935 FT of frontage on Race Street, 633 FT of frontage on Fair Park Boulevard and 60 FT of Frontage on Caraway Road, the site has exposure to over 34,000 cars per day.

John Q. Hammons, one of the nation's premier developers of upscale luxury hotels and resorts, identified the site for a proposed convention center in 2005. One of the major features that contributed to its selection was the fact that it is located close enough to the Interstate for hotel visibility. A portfolio of over 50 articles outlining the convention center and its progress are on file.
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.

Haag Brown Commercial
Josh Brown
(870) 336-8000

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