South Main Investment Property Auction

Property Overview

Being offered is a portfolio of investment properties located in the "downtown" district of Jonesboro, Arkansas. The portfolio is a mixture of restaurant, retail and residential units all located on South Main Street. The properties provide a potential for an income stream and a positive return on investment.

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Auction Overview

This portfolio will be offered via online only auction as individual units as well as in packages of properties and are subject to Seller's confirmation. The units are subject to pre-sale and offers prior to the auction will be presented. The auction will be offered Online Only. See information below on dates and times of the auction.

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Auction Dates & Time

The Auction beings Monday, April 23rd @ 10:00 am CST and Ends Thursday, April 26th @ 2:00 pm CST. Click the link below to see more information on the online auction or to bid.

 

 

 

 

 

Properties to be Offered

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225 S. Main Street Units 201-205 - (3) 2 Bedroom / (2) 1 Bedroom Lofts

Great looking, remodeled and modern type residential lofts overlooking downtown Jonesboro. The 2 bedroom lofts all have balconies overlooking Main St. as well as having a nice open living space, dining area and kitchen. The 1 bedroom units also have an open living concept with a great vibe on downtown living. Buy one or buy all, these units are offered individually and as a whole. 

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225 S. Main Street Units 101, 102, 103 - Retail / Office

Modern type Executive retail and/or office spaces. Each unit has several offices, reception areas and conference rooms. Great investment or great place to move your business. These units will add a cool factor to your business. Buy one or buy all, the units will be offered individually and as a whole.

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241 S. Main Street -  (2) 1 Bedroom Lofts

Beautiful modern and updated lofts located in downtown Jonesboro. Both lofts have an open concept with living, dining and kitchen in the main living area. Both lofts are currently leased and are occupied. Great investment to add to your cash flow or portfolio. Couple it with the commercial/retail space on the ground level. See below.

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241 S. Main Street A & B - Restaurant / Retail / Office

Restaurant, retail and/or office space in downtown Jonesboro. Two commercial spaces being offered as a package. Unit A is currently set up for a restaurant/bar and is occupied by City Wok Dim Sum. Unit B is currently office space and is occupied by International Tours of Jonesboro. Both spaces would be easy conversions to restaurant, office or retail. Great investment opportunity. Couple it with the residential lofts upstairs and add to your cash flow. 

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303 S. Main Street - Restaurant Space

303 S. Main St. is currently occupied by N'awlins which is a cornerstone restaurant of downtown Jonesboro. This property is a great investment opportunity for someone wanting to add cash flow to their portfolio. Several years left on the lease with renewal options. Call for more details. 

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305 S. Main Street - Restaurant Space

Turn key restaurant space located in downtown Jonesboro. Was previously occupied by Vino's. The space is currently unoccupied, but is prime for a new concept immediately. 305 S. Main St. underwent a million dollar renovation in 2012. The space includes five dining areas, a bar, private dining room and outdoor patio area. The restaurant also has a surround sound system, computer and alarm system with 8 cameras. The 100 year old brick walls and original wood floors will pull you right in. The restaurant is still fully furnished. All furniture and kitchen equipment can be purchased separately from the real estate. Great value add opportunity! 

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316 S. Main Street - Retail / Office 

Retail and/or office space in downtown Jonesboro. The space is currently occupied with retail for an immediate cash flow. The open commercial concept would make an easy conversion to office space. A public parking lot directly across the street makes this space a great investment. Couple it with the Prospect Lofts upstairs to maximize your investment. See info below.

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314 S. Main Street A & B - Retail / Office 

Two retail and/or office spaces in downtown Jonesboro. The open commercial concept on each would make easy conversions to office space or even a small restaurant/bar. With a public parking lot directly across the street, it makes this space a great investment. Couple it with the Prospect Lofts upstairs to maximize your investment. See info below.

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PROSPECT LOFTS:

316 S. Main Street C & D - (2) 2 Bedroom Lofts

Great looking, remodeled and modern type residential lofts in downtown Jonesboro. The lofts both have an open living concept with a great vibe on downtown living. Will be offered with 314 S. Main St. C & D as a package. Buy 314 A - B & 316 S. Main commercial units on the ground level to maximize your investment.

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314 S. Main Street C & D - (1) 2 & (1) 1 Bedroom Lofts

As are the 316 S. Main units, these units are great looking, remodeled and modern type residential lofts in downtown Jonesboro. Both units have an open living concept with a great vibe on downtown living. Will be offered with 316 S. Main St. C & D as a package. Buy 314 A - B & 316 S. Main commercial units on the ground level to maximize your investment.

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Preview Information

All previews of the properties will be by appointment only.

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Broker & Auctioneer Information

Joel King, PB00030120 / AALB 184

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Broker Participation

Buyer representation is welcome. Please contact King Real Estate for a required broker participation form. Forms are to be submitted 48 hours in advance of the scheduled auction start date. 

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Disclaimer

All information displayed is based upon information provided by the seller and/or sources that are believed to be accurate; however, purchaser and/or purchasers agent/broker shall bear the responsibility to confirm all calculations prior to the auction.  All information contained in marketing material was derived from sources believed to be accurate but is not guaranteed.

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Click to View

Property Information Packet

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Example Commercial Sales Contract

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Example Residential Sales Contract

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