62 N Floyd Street, Jonesboro, AR 72401 (MLS # 10113679)

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View Virtual Tour PRICE $965,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 62.00 ac Request More Info Schedule a Showing

Discover the unmatched potential of this sprawling 63 +/- acre property, ideally zoned R2 for your development dreams. Strategically located with city sewer access at its most southern end, this property is perfectly poised for significant residential development. With the convenience of natural gas and electric services bordering the western and northern peripheries, infrastructure setup is streamlined, ensuring a smooth start to your project. Although the southern third of the acreage is within a flood zone, innovative solutions such as a retention/detention pond coupled with strategic dirt work from the northern half can efficiently mitigate this concern, unlocking the full potential of the land. This property is ripe for transformation into a vibrant residential neighborhood or a lucrative residential rental complex, with the feasibility of constructing up to 4-plex units, catering to a diverse range of housing needs. Boasting complete access to all city utilities and situated just minutes from the bustling heart of downtown Jonesboro, this property offers the perfect blend of convenience and opportunity. Whether you envision a residential community or a series of rental properties, the possibilities are endless. Seize the chance to make your mark on Jonesboro's housing landscape. Explore the potential of this expansive property and envision the future you can build. Act now to capitalize on this remarkable opportunity.