$1,100,000
●
Multifamily -
For Sale
2911 Browns Ln
Jonesboro, AR 72401
Studio
0 Bath
$5,990
Estimated Monthly
0.72%
Cap Rate
About This Property
Approximately 3.4 acres, situated at 2911 Browns Lane, offers a
prime location within a well-established neighborhood. Close
proximity to essential amenities and major roadways ensures
convenience for residents and businesses alike. The property's rare
R-3 zoning status represents a significant advantage for potential
developers. This zoning designation allows for a high density
residential development making it perfect for multi-family
dwellings. The region's strong real estate market and the scarcity
of available properties with R-3 zoning make this opportunity
particularly attractive. With a growing population and increased
demand for quality housing and amenities, the development at 2911
Browns Lane is well-positioned for a successful venture with
substantial potential for long-term economic viability.
Additionally, the exciting development of Reedmont is currently
under construction just one street over, increasing traffic and
generating interest in the neighborhood. The combination of
strategic location, desirable zoning, and the potential for various
development options makes this property a compelling investment
prospect.
Unit Size
-
Days on Market
382 days
Land Size
3.40 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$589
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (CARMLS #24009608)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 9, 2023 | Listed by Halsey Thrasher Harpole Real Estate Group | $1,100,000 | |
Listed by Halsey Thrasher Harpole Real Estate Group | |||
Nov 21, 2008 | Sold to Aviv Llc Arkansas | $7,367,000 | |
Sold to Aviv Llc Arkansas |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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