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311 S Main, Jonesboro, AR 72401

$775,000
  • 311 S Main, Jonesboro, AR 72401 Main Photo

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Active
BEDS4 BATHS3 full SQUARE FEET6,640 MLS#10125458
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONRoberts Addition NEIGHBORHOODD

Property Description

This stunning loft, perched on the top floor of a 3-level building in historic downtown Arkansas, offers a unique investment opportunity. The loft is divided into two spacious sections: a 2,000-square-foot area and a 4,600-square-foot space, both brimming with potential. The larger section, with its open layout, exposed brick walls, and expansive windows, is ideal for leasing as an event venue or transforming into a vibrant bar or diner. The smaller section, featuring a modern kitchen with a central island and warm wooden shelving, could serve as a cozy apartment or additional rental unit. The loft's versatility allows for further division into multiple properties to maximize income.The entire 3-level building is also for sale, featuring small to mid-size offices on the ground floor that rent from $450 to $600 per month, providing a steady revenue stream. The building offers a range of areas suitable for retail and service businesses. The basement recently secured a 3-year lease at $5,000 per month, adding to the property's financial appeal. With its hardwood floors, high ceilings, and abundant natural light, the property blends historic charm with modern appeal. The income possibilities from the loft, ground-floor offices, and broader building make this a compelling investment for entrepreneurs or investors.

311 S Main | MLS# 10125458

This condo located at 311 S Main, Jonesboro, AR 72401 is currently listed for sale with an asking price of $775,000. This property has 4 bedrooms and 3 full baths with 6640 sq. ft. S Main is located in the Roberts Addition subdivision. Search Roberts Addition real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central, Electric
Heating: Central
Home Style: Other/See Remarks
Lot Size: 0.17 Acres
Stories: 3.0
Taxes: $13,981

Feature Descriptions

Additional Rooms: Apartment, Bonus Room, Loft, Office, Storage, Other
Days on Site: 136
Exterior: Other/See Remarks
Exterior: Brick
Flood Zone: No
Flooring: Carpet, Vinyl
Lot: Level
Parcel #: 01-144183-48500
Sewer: City Sewer
Water: City

Local Schools

High School: Jonesboro High School
Middle School: Macarthur
Elementary School: Jonesboro Magnet

Listed By / Shown By

Listed By

Agency Name: New Horizon Real Estate

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Neakbor MLS

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Estimated Payment

$ 3,115.94 per month $1,724.81 Principal & Interest $1,165.08 Property Tax $226.04 Homeowner's Insurance

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