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Jonesboro 72401
2911 Browns Ln
$1,100,000
Multifamily - For Sale

2911 Browns Ln

Jonesboro, AR 72401
bedrooms
Studio
bathrooms
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

Jerry Halsey Jr.
Halsey Thrasher Harpole Real Estate Group
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2911 Browns Lane 2911 Browns Lane, Jonesboro, AR 72401
  • 1 Unit for Sale
More about this Building
2911 Browns Lane
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About Jonesboro


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