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  • 5 ACRES
  • - Commercial For Sale

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Description for 3006 S Caraway Road S MLS# 10098763

Jonesboro's original landmark hotel with great corner lot location and almost 5 acres. Great visibility from Caraway Rd and I555. Currently operated as a hotel with 179 guest rooms. Two large restaurant areas, a separate bar/lounge area as well as an indoor pool are available but currently not in use. Building and location could be utilized in many different capacities. High traffic area with over 20K vehicles daily. Walking distance to numerous restaurants, convivence store and health club.

General Features

  • Property For
    Sale
  • Listing Type
    Mixed Use
  • County
    Craighead
  • Approx. Acreage*
    5
  • Approx. Sq. Ft.*
    105506
  • Price
    $15,900,000

Additional Details

Business Type
Motels/Resort, Restaurant
Current Business Features
Hotel, Motel, Restaurant, Restaurant: W/Bar, Supper/Night Club
Features
Conference Room, Exterior Lighting, Fire Alarm
Foundation Features
Concrete Slab
Lot Square Footage
217800
Parking Types
Asphalt, Lighted
Utilities Features
City Water
Wall Height
8 Ft - 10 Ft
Taxes
$0
Exterior
Brick
Roof
Flat
Cooling Features
Central Air, Central Gas, Mixed System
Heat Features
Central Electric, Central Gas, Central Heat Pump

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Market Research


 

Jonesboro Commercial Values

Average List Price:
$1,004,498
Average Sold Price:
$962,155
Average Price per SQFT:
$19,737
Average Days on Market:
223
Number of Properties for Sale:
6,288
Vs.

This Property

List Price:
$15,900,000
Approx. Price per SQFT:
$150.70 / sqft
Days on Website:
239 (Apr 01, 2022)

Pricing Considerations

List Price:
$15,900,000
Price per SQFT:
$150.70 / sqft (based on 105506 approximate square feet)

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