$775,000

311 S Main, Jonesboro, AR 72401

  • 4 beds |
  • 3 baths
  • Property Icon Condominium
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 21 days ago

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.

Listing Status:
Active
Listing Office:
New Horizon Real Estate : (573) 344-3687
Listing Agent:
Mark Flowers : 573 3443687
MLS ID:
10125458
  • Rooms: ApartmentBonus RoomLoftOfficeStorageOther
  • Master Bedroom: Upper
  • Basement: CooledFull BasementHeated
  • Flooring: CarpetVinyl
  • A/C: CentralElectric
  • Heating: Central
  • Style: Other/See Remarks
  • General: BrickThreeOrMore
  • HOA Amenities: Other/See Remarks0.0
  • Originating MLS: Northeast Arkansas BOR
  • County: Craighead
  • Zoning: ROBERTSON ADD LOTS 5-6-701-144183-48500
  • Utilities: CW&L
  • Water: City
  • Sewer: City Sewer
  • Source: Northeast Arkansas BOR

This listing courtesy of Mark Flowers, New Horizon Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

I

International Studies Magnet School

1218 Cobb St, Jonesboro, AR, 72401

Grades 1-6

0.61 miles away

D

Douglas MacArthur Junior High School

1615 Wilkins Ave, Jonesboro, AR, 72401

Grades 7-9

1.37 miles away

T

The Academies at Jonesboro High School

301 Hurricane Dr, Jonesboro, AR, 72401

Grades 10-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.