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Listed by Mark Flowers • New Horizon Real Estate
$ 775,000
Est. payment /mo
New
311 S Main Jonesboro, AR 72401
4 Beds
3 Baths
6,640 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 6,640 sqft
Price per Sqft $116
Subdivision Roberts Addition
MLS Listing ID 10125458
Style Other/See Remarks
Bedrooms 4
Full Baths 3
Annual Tax Amount $13,981
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Condominium
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.
Location
State AR
County Craighead
Area D
Rooms
Basement Cooled, Full Basement, Heated
Interior
Heating Central
Cooling Central, Electric
Flooring Carpet, Vinyl
Exterior
Exterior Feature Other/See Remarks
Parking Features None
Building
Sewer City Sewer
Water City
Schools
Elementary Schools Jonesboro Magnet
High Schools Jonesboro High School
Others
Tax ID 01-144183-48500
