311 S main St, Jonesboro, AR 72401 (MLS # 10125310)

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PRICE $2,250,000 SIZE 20,000 sqft LOT SIZE n/a Request More Info Schedule a Showing

Discover an exceptional investment opportunity in the heart of historic downtown Jonesboro with this versatile commercial building for sale! The street level floor of this 3 level building features 17 small offices, mostly renovated and handicap accessible, currently renting for $400-$600 per month with utilities included, offering a steady income stream. Alongside the offices is a charming boutique store, also available for sale as a business, with an estimated rental potential of $2,500 per month. The back salon on the ground floor, equipped with modern amenities, is poised to rent for approximately $800 per month. The 6,700+/- square foot basement boasts a newly renovated restaurant space with updated ceiling tiles, flooring, countertops, and bathrooms, leased for $5,000 per month with utilities included under a new 3-year term; the restaurant handles renovations and maintenance and is fully handicap accessible. The top floor, currently vacant, presents endless possibilitiesperfect for event rentals, a small bar, or even an Airbnb, and could be split into multiple units to maximize rental profits. This multi-purpose property combines historic charm with modern upgrades, making it an attractive option for investors. The middle level includes a salon and studios, adding to the building's diverse revenue potential. With its prime location and flexible spaces, this property is ideal for those looking to diversify their portfolio. The upstairs lofts offer additional creative potential for various uses, enhancing the property's appeal. Don't miss out on this rare chance to own a thriving, adaptable commercial space with multiple income sources. Contact your favorite agent today to explore this lucrative investment opportunity!