(870) 972-9191

301 West Washington Avenue

Suite 200

Jonesboro, AR | 72401

www.HalseyThrasherHarpole.com

Roddy ThrasherManaging Partner

roddy.thrasher@hthreg.com(870) 219-9920

SOUTH CARAWAY RD JONESBORO, AR

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Sale Price $8,900,000

Specification 96 unit apartment complex

Land Size 13.6+/- acres

Property Type Residential

Zoning PUD - C3

*property information provided by listing agents and assumed correct

(32) One Bedrooms - Approximately 676 sqft(56) Two Bedrooms - Approximately 920 sqft(8) Three Bedrooms - Approximately 1,270 sqft

Located within walking distance to various restaurants and a movie theater as well as a bowling alley and indoor trampoline park, this beautiful, gated apartment community is almost completely new with the units coming on line over the past 30 months, the final 12 units almost ready for leasing. The property is all brick with vinyl siding accents, making the exterior completely maintenance-free. The on-site fitness center, lounge and office are very nice and open up to the beautiful stone in-ground swimming pool.

All drives and parking areas are reinforced concrete, built to stand the test of time. The apartments are very large and have 9 ft coffered ceilings in the master bedroom.

Bonus: additional land (complete with curbs, gutters, streets, and utilities) is included int he asking price for future construction of approximately 34 new apartments, subject to city approval.

This is a very unique opportunity to own 130 apartments in one great location!

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EXTERIOR AND INTERIOR PICTURES

Interior of 2 Bed Apartment Interior of 1 Bed Apartment

Gated Entryway Mailboxes

Main Office

This property is zoned PUD - C3.

C-3 Zoning - General Commercial District - The purpose of this districtis to provide appropriate locationsfor commercial and retail uses which are convenient and serve the needsof the traveling public. The districtalso provides locations for limited amounts of merchandise, equipment and material being offered for retail sale that are more suitable for storage and display outside the confines ofan enclosed structure. Appropriate locations for this district are along heavily traveled arterial streets. Development of groupings of facilities shall be encouraged, as opposed to less desirable strip commercial.

ZONING MAP AND SITE PLAN

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