2230 S Caraway Road S

Description

Presenting a premier investment or owner/operator opportunity in the heart of Jonesboro's thriving retail and dining corridor. Located at 2230 S. Caraway Road, this offering features a 6,661 square foot commercial food service facility situated on approximately 1.14 acres with approximately 200 feet of frontage and 250 feet of depth. The property is positioned in one of Jonesboro's most desirable commercial locations, offering exceptional visibility, high traffic counts, and strong surrounding demographics. The building is currently tenant-occupied by a longstanding and successful restaurant, Lazzari's Italian Oven; however, the offering is for real estate only and does not include the business. Site improvements include approximately 21,952 square feet of asphalt paving, 676 square feet of concrete pads, porches, and walkways, as well as sodium vapor security lighting, monument signage, and established landscaping. The interior layout includes an estimated seating capacity for approximately 200 patrons, based on the current setup of 50 tables with four-chair seating, along with a full-service bar area, reception and waiting area, commercial kitchen, restrooms, and office space. This property is ideal for a restaurant operator seeking a flagship location or for an investor looking to acquire a firm asset in a strong market. Jonesboro is the economic hub of Northeast Arkansas, located approximately 70 miles northwest of Memphis, Tennessee and 130 miles northeast of Little Rock. It is home to Arkansas State University, two major medical centers, a thriving industrial park, and a growing population of approximately 80,650 in the city and over 130,000 in the metropolitan statistical area.