311 S Main, Jonesboro, AR 72401
sale
$2,250,000
|
Mixed Use
Courtesy Of New Horizon Real Estate
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.
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Property Features
- Architecture Style: Other
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Carpet - Partial
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 3
- Heating System: Central
- Heating System: Natural Gas
- MLSID: 25041012
- Parking Spaces: 200
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