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$ 2,250,000
Est. payment | /mo
20,000 SqFt
$ 2,250,000
Est. payment | /mo
20,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $112
MLS Listing ID 25041012
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
Discover an exceptional investment opportunity in the heart of historic downtown Jonesboro with this versatile commercial building for sale! The street level of this 3 level building features 17 offices, (mostly renovated), renting for $400-$600 per month utilities included, offering a steady income stream. Alongside the offices is a charming boutique store, also available for sale as a business, with an estimated rental potential of $2,500 per month. The back salon on the ground floor, equipped with modern amenities, is poised to rent for approximately $800 per month. The 6,700+/- square foot basement boasts a newly renovated restaurant space with updated ceiling tiles, flooring, countertops, and bathrooms, leased for $5,000 per month with utilities included under a new 3-year term; the restaurant handles renovations and maintenance and is fully handicap accessible. The top floor, currently vacant, presents endless possibilities, perfect for event rentals, a small bar, or even an Airbnb, and could be split into multiple units to maximize rental profits. This multi-purpose property combines historic charm with modern upgrades, making Property located in opportunity zone.
Location
State AR
County Craighead
Area Jonesboro D
Interior
Interior Features Kitchen Area, Living Area, In-Unit Bathroom, Living Space Included, Stairs
Heating Central Cool-Electric, Central Heat-Gas
Flooring Partial Carpet, Tile, Vinyl, Wood
Exterior
Parking Features 26 or More, On Street, Paved, Lot
Garage Spaces 200.0
Utilities Available Sewer-Public, Water-Public
Building
Lot Description Level
Foundation Other (see remarks)
New Construction No
Listed by New Horizon Real Estate • Mark Flowers
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Westgate Realty
Broker | License ID: 2019046646