Listing ID: 10105182
Price: $1,200,000
Price/SqFt: $166.67
Status: Active
Address: 206 Melrose Street
City: Jonesboro
State: Arkansas
Postal Code: 72401
SqFt: 7,200
Acres: 0.650
County: Craighead
Subdivision: Metes and Bounds
Jonesboro
AR
72401
Welcome to Market College Plaza located at 206 Melrose Street in Jonesboro, Arkansas. Golden Opportunity Knocks. 7,200 sf of Commercial Property zoned C-3 situated on a .65 +/- acre lot with an additional 3.67 +/- acres available to purchase separately. A Seven Unit Strip Retail Center located across the street from Arkansas State University and near Northeast Arkansas Baptist Memorial Hospital, Jonesboro Municipal Airport, and favorite local retail & dining establishments. Parking available for 40 and estimated daily traffic counts of 20,000. Seller replaced the roof in December of 2020, all electric HVAC units in 2013, added security cameras, outdoor lighting, 5 x 10 signage for each unit (Unit C has 2), and completely remodeled several units. Offerings such as this are few and far between. Call today to schedule your tour and make an investment in tomorrow.

Primary Features

County: Craighead
Price/SqFt: 166.67
Property Sub Type: Mixed Use
Property Type: Commercial/Investments
Subdivision: Metes and Bounds
Year Built: 2007
Zoning: C-3

Interior

1st Unit Number: A
2nd Unit Number: B
3rd Unit Unit Number: C
Cooling Features: Central Air
Heat Features: Central Electric
SqFt Source: Tax Records
Wall Height: Unknown

External

Exterior: Brick, Metal Siding
Flood Zone: No
Foundation Features: Concrete Slab
Loading Dock: None
Lot Measurement: A
Lot Square Footage: 28314
Number of Doors: 15
Number Of Parking Spaces: 40
Parking Types: Asphalt, On Site
Road Frontage: yes
Utilities Features: City Water, Electric, Sewer, Trash Collected, Utilities Paid: Tenant

Location

Area: E
FIPS Code: 31

Additional

Builder Owned: no
Business Description: 7 Unit Retail Strip Center
Business Type: Commercial, General, Office, Retail/Service
Documents on File: Aerial Photo, Photograph, Property Disclosure
Features: Sign: Building Mounted, Sign: Pole
Number of Tenants: 4
Number of Tenants: 4
Property Disclaimer: Data is Copyright 2023 NEABOR INFORMATION DEEMED RELIABLE, BUT NOT VERIFIED OR GUARANTEED.
Suggested Investor Prop: yes

Financial

1st Unit Rent: 1200
2nd Unit Rent: 600
4th Unit Rent: 550
Auction: no
Lease Type: Net
Possession: At Closing
Price Per Acre: 1846153.85
REO Property: no
Short Sale: no
Tax Year: 2022
Taxes: 4878
Terms: Cash, In House
Transaction Type: Sale

Zoning Info


©2023 Northeast Arkansas Board of Realtors. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. This listing courtesy of Compass Rose Realty.

Contact - Listing ID 10105182

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Andrea Andrews

2528 Alexander Dr.
Jonesboro, AR 72401
Phone: 8707617774

Data services provided by IDX Broker

Request Info

Want to know more
about this property?

Mortgage Calculator

$
%
Years
$
{"page":"listing","idxID":"b192","listingID":"10105182","extra":"","type":"detailsContact"}
http://myneaproperties.com
details.php
https://search.myneaproperties.com
details