Subject Property. Former Holiday Inn For Sale 3006 South Caraway Road Jonesboro AR

Size: px

Start display at page:

Download "Subject Property. Former Holiday Inn For Sale 3006 South Caraway Road Jonesboro AR"

Cornelia Knight
5 years ago
Views:

34,000 Cars/Day 23,000 Cars/Day entre ark Phillips Drive 34,000 Cars/Day 34,000 Cars/Day Red Wolf Blvd

Road Jonesboro AR Jerry Halsey, Jr, CCIM, CRB, SIOR jerry.halsey@hthreg.

972-9191 4200 South Caraway Jonesboro, AR 72404 w w w.h alsey T hrasher H arpole.

1 34,000 Cars/Day 23,000 Cars/Day entre ark Phillips Drive 34,000 Cars/Day 34,000 Cars/Day Red Wolf Blvd Browns Lane Access Road South Caraway Road Subject Property Former Holiday Inn For Sale 3006 South Caraway Road Jonesboro AR Jerry Halsey, Jr, CCIM, CRB, SIOR (870) Price: Lot Size: Property Type: Property Sub-type: Zoning: Traffic Counts: 3006 South Caraway Road $3,500, /- Acres Commercial Hotel/Motel C-2 23,000 Cars Per Day (2017 Traffic Count) Real Estate Group (870) South Caraway Jonesboro, AR w w w.h alsey T hrasher H arpole. com The information contained herein has been given to us by the owner of the property of other sources we deem reliable, we have no reason to doubt it s accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Subject Property Information If timing and location are the keys to success in choosing commercial real estate, then we can proudly say we are handing you the keys you ve been looking for!

2 Subject Property Information If timing and location are the keys to success in choosing commercial real estate, then we can proudly say we are handing you the keys you ve been looking for! This property, at one time the site of the pre-eminent hospitality property in Jonesboro (formerly the Holiday Inn), sits on one of the most coveted corners in the entire market. Situated with frontage on Interstate 555 at the Caraway Road exit, this property is the gateway to the retail shopping district, with a number of national retailers and restaurants lining its corridor as well as its sister street Red Wolf Boulevard. And in terms of continued operation as a hotel under a new flag, the location could not be any better with the construction of a new Holiday Inn property just blocks to the east; and the construction of a new Hyatt Place and 80,000 Convention Center just a short 0.4 miles away! The ability to capture overflow from this incredible new hospitality development is literally unmatched by any other existing hotel property; as it is the CLOSEST existing hotel to the new Convention Center Development. Real Estate Group

3 Location of Property in Jonesboro

4 Survey of Subject Property Zoning This property is zoned C-2. Real Estate Group C-2 Zoning - Downtown Fringe Commercial District - This district provides for a transitional area between the downtown core commercial district (C-1) and the surrounding older residential areas which have yet to experience intrusions of other type uses. The fringe area is characterized by mixed uses, including offices, services, government facilities and housing. This district is generally considered an inappropriate location for large retail uses greater than 3,000 square foot, with the exception of C-2 zoned land within the Hotel Corridor area, defined and bound by I-63 to the South, Caraway Road to the West, Richardson Drive to the East, and Race Street to the North.

Jonesboro Businesses and Traffic Counts Fairpark Blvd. Tenants Highway 49 / Red Wolf Blvd.

Jos. A Bank Body Central Charlotte Russe Chico s Christopher & Banks Coldwater Creeks Dress Barn Francesca s Lane Bryant/Cacique Maurices Versona Vanity Victoria s Secret

Gordon s Jewelers Zales Bed Bath & Beyond Best Buy Best Buy Mobile Game Stop Radio Shack Barne s and Noble Petty s Hallmark Liberty Bank ArtBeat Kiosk Build-A-Bear Claire s

Lids Spencer s Sportsman s Trail Sunglass Hut Things Remembered Toy Castle Wireless Accessories I nte Mall at Turtle Creek Tenants Caraway Road South Main Street Lowes Academy

Focus Bank First National Bank Arby s Ima s Jonesboro Cycle & ATV 37,000 rs tat e5 55 17,000 Highway 18 / Highland Drive Highway 18 / Highland Drive 34,000 riv e 11,000 s o ad

5 Jonesboro Businesses and Traffic Counts Fairpark Blvd. Tenants Highway 49 / Red Wolf Blvd. Dillard s JCPenney Target Aeropostale American Eagle Outfitters Buckle Express Gap Hollister Hot Topic Houndstooth Rue 21 babygap The Children s Place Crazy 8 GapKids Justice Jos. A Bank Body Central Charlotte Russe Chico s Christopher & Banks Coldwater Creeks Dress Barn Francesca s Lane Bryant/Cacique Maurices Versona Vanity Victoria s Secret Finish Line Gearhead Outfitters Hibbett Sports Journey s Paul s Shoes Payless Shoe Source The Shoe Dept. Gordon s Jewelers Zales Bed Bath & Beyond Best Buy Best Buy Mobile Game Stop Radio Shack Barne s and Noble Petty s Hallmark Liberty Bank ArtBeat Kiosk Build-A-Bear Claire s Earthbound Trading Jeebs Cellphone Acc. Lids Spencer s Sportsman s Trail Sunglass Hut Things Remembered Toy Castle Wireless Accessories I nte Mall at Turtle Creek Tenants Caraway Road South Main Street Lowes Academy Sports Khol s Starbucks Men s Warehouse Refinery Q doba Everyday Chef Sissy s Log Cabin Terryaki Madness Massage Therapy Bancorp South US Postal Service Cheddar s Panera Bread Focus Bank First National Bank Arby s Ima s Jonesboro Cycle & ATV 37,000 rs tat e ,000 Highway 18 / Highland Drive Highway 18 / Highland Drive 34,000 riv e 11,000 s o ad 22,000 I-555 Race Street entre ark Caraway Road Browns Lane td ri Har S bu rg R Culberhouse ris bu rg R r oad S ou th 24,000 34,000 13,000 Ha D st we 34,000 Phillips Drive I ,000 e riv 23,000 Fairpark Blvd s we h ut ou 13,000 19,000 Bath & Body Works Elite Eyecare & Optical GNC Lee Nails & Spa MasterCuts Merle Norman Perfume Max Regis Salon Trade Secret Auntie Anne s Baskin-Robbins Candy Craze Elaines Cinnabon Great American Cookie Steak Escape Subway *Chuck E. Cheese

Jonesboro, Arkansas Information ABOUT THE AREA Centennial Bank

markets, including America s Distribution Center, Memphis,

Jonesboro provides a positive business environment with a

A well qualified workforce, low cost utilities, the training

of doing business are just a few reasons why many companies are

In addition, the quality of life is exceptional, with a

abundant retail opportunities and numerous recreational and

NEA Baptist Memorial Hospital ANNUAL INCOME Estimated median

$41,264 Estimated per capita income in 2015: $23,840 Mall at

6 Jonesboro, Arkansas Information ABOUT THE AREA Centennial Bank Stadium Arkansas State University Jonesboro is a city of distinction in Northeast Arkansas. We are the 5th largest city in Arkansas, with a population of over 67,000. Our Metropolitan Statistical Area (MSA) is over 120,000 with a Trade Area of over 500,000. Jonesboro is centrally located with easy access to other major markets, including America s Distribution Center, Memphis, Tennessee. Jonesboro provides a positive business environment with a diversified economic foundation. A well qualified workforce, low cost utilities, the training capabilities of Arkansas State University and an overall low cost of doing business are just a few reasons why many companies are proud to call Jonesboro home. In addition, the quality of life is exceptional, with a high-quality educational system, excellent healthcare facilities, abundant retail opportunities and numerous recreational and cultural activities available. NEA Baptist Memorial Hospital ANNUAL INCOME Estimated median household income in 2015: $40,583 Jonesboro Arkansas $40,583 $41,264 Estimated per capita income in 2015: $23,840 Mall at Turtle Creek 2015 DEMOGRAPHICS St. Bernards Regional Medical Center Population Pop. Density Pop. Change Median Age Households Household Size Male Population Female Population Married Population Single Population Jonesboro, AR 73, % , % 51.50% 46.72% 53.28% table information found at Downtown Jonesboro - Veteran s Memorial Mayor Harold Perrin

Redevelopment Opportunity 2405 Stadium Boulevard Jonesboro AR

Redevelopment Opportunity 2405 Stadium Boulevard Jonesboro AR Race Street Fair Park Boulevard Lot 2 11,000 Cars/Day Red Wolf Boulevard 34,000 Cars/Day Lot 1 2016 Site Demographic Snapshot 1 mile 3 miles 5 miles 2016 Population 5,453 44,248 71,314 2016 Median Income