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Listed by Landon Wilson • Halsey Thrasher Harpole Real Estate Group
$675,000
Est. payment /mo
7,500 SqFt
Active
2402 Phillips Drive Jonesboro, AR 72401
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $90
MLS Listing ID 10120702
Annual Tax Amount $2,865
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Retail
Property Description
This prime commercial property, positioned in the heart of Jonesboro's Hospitality District, is now available for sale at $675,000 and offers a lease opportunity for 2,500 SF at $8/SF NNN. The 7,500 SF building sits on 0.45 acres, featuring 16 parking spaces and excellent exposure with high daily traffic counts. Strategically located between major I-555 exits, this property is surrounded by a mix of local, regional, and national businesses in retail, service, and hospitality. It benefits from significant visibility and accessibility, with 5,700 CPD on Phillips Dr, 24,000 CPD on S Caraway Rd, and 29,000 CPD on Red Wolf Blvd. The property has an active lease, ensuring immediate income for potential buyers. This is an excellent investment or leasing opportunity in a highly desirable commercial corridor.
Location
State AR
County Craighead
Area J
Interior
Flooring No
Exterior
Exterior Feature Brick, Metal Siding
Roof Type Metal
Building
Foundation Concrete Slab
Others
Tax ID 01-144283-07500