Skip To Content

524 S Church Entire Building

Jonesboro, AR 72401
  • $1,695,000
  • STATUS: Active
  • ON SITE: 1529 Days
  • MLS #: 10072319
UPDATED: 29 min ago
$1,695,000
  • 3
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,925
    SQFT
  • $61
    $/SQFT
Neighborhood:
A
Type:
Commercial
County:
Area:
A

School Ratings & Info

Description

his is an incredible opportunity for a buyer who has a vision for the future. The 28,000 sq ft building is contiguous to the new St. Bernards Complex fronting on Church St. There is currently a tenant occupying the first floor of this building. There are more spaces that could be leased out to a restaurant or a medical tenant who is synergistic with the hospital. . Bernards Medical Center is moving forward on a $130 million master plan that will change the face of downtown Jonesboro. To be done in four phases, the plan calls for construction that will give St. Bernards a new front door'' on Jackson Avenue and will involve changes and additions to the medical center's Ben E. Owens Cancer Treatment Center and the Heartcare Center; construction of a new surgical and intensive care tower and a new emergency department configuration with access from Church Street; and renovation and refurbishing of the present medical center structure, including patient rooms.Work already has begun on the initial phase - that of the cancer center. When completed, it will bring all components of the St. Bernards cancer service line together in a single facility on the main campus while providing space for future growth. Both radiation oncologists (Drs. John Lynch and John Allgood) and medical oncology/hematology specialists (Drs. Mazen Khalil, Marc Mont and Aamer Farooq) will have offices and clinic space in the same building. The exterior of the ground level will have a new look, and a covered patient drop off will be added on Jackson Avenue. Interior space will be reconfigured to create an atrium, improve work flow and enhanced patient experience and to allow ample space for continued growth as St. Bernards meets needs within the region. Square footage will be added to the top level where the medical oncology/hematology clinic and a 27-chair outpatient infusion area will be located. The center also will include a laboratory for blood testing and a chemotherapy pharmacy which will prepare all physician-ordered antineoplastic drugs on site. Beginning Jan. 4, patients currently being treated at the cancer center will not be able to access the building from Jackson. Rather, they will enter from the ground level in the parking garage. Phase 1 work is anticipated to take approximately 11 months, with all facets of the cancer treatment center fully functional by October of 2016. Total cost of Phase 1 work will be approximately $9 million. Phase 2 will include changes at the Heartcare Center that will allow for expansion of invasive services, the addition of both a new electrophysiology lab and a new hybrid lab and renovation of current cardiac catheterization labs. The first floor of the Heartcare Center will be used for non-invasive cardiac procedures. The second level will house all invasive services, with construction bringing to six the total number of cath and EP labs. The third level - now simply shelled in - will be developed as a 30-unit patient prep and OPPORTUNITY ZONE AND HISTORICAL REGISTER TAX INCENTIVES AVAILABLE Property is located in the Opportunity Zone which has major tax incentives and the property has recently been placed on the Historic Register which includes 20% federal and state tax credits for any improvements. Jonesboro a beautiful city in Northeast Arkansas providing an exceptional quality of life, fantastic educational systems, excellent healthcare facilities and a tremendous amount of retail opportunities. Jonesboro's centralized location with easy access to major markets including Memphis, Tennessee has made it a magnet for every type of business. Jonesboro is a city in and one of the two county seats of Craighead County, Arkansas, United States. According to the 2010 US Census, the population of the city was 67,263. A college town, Jonesboro is the largest city in northeastern Arkansas and the fifth most populous city in the state. It is the principal city of and is included in the Jonesboro, Arkansas Metropolitan Statistical Area. In 2010, the Jonesboro metropolitan area had a population of 121,026 and an estimated population (2009) of 161,135 in the Jonesboro-Paragould Combined Statistical Area. Jonesboro is home to Arkansas State University and is a regional center for manufacturing, agriculture, medicine, education, and trade. Jonesboro is a city in and one of the two county seats of Craighead County, Arkansas, United States. According to the 2010 US Census, the population of the city was 67,263. A college town, Jonesboro is the largest city in northeastern Arkansas and the fifth most populous city in the state. It is the principal city of and is included in the Jonesboro, Arkansas Metropolitan Statistical Area. In 2010, the Jonesboro metropolitan area had a population of 121,026 and an estimated population (2009) of 161,135 in the Jonesboro-Paragould Combined Statistical Area. Jonesboro is also the home of Arkansas State University serving more than 12,000 students. We also have a

Monthly Payment Calculator

© 2022 Jonesboro Board of REALTORS® MLS. All rights reserved.
www.neahomes4sale.com/homes/78902204
Print Image

524 S Church Entire Building Jonesboro, AR 72401

  • Price: $1,695,000
  • Status: Active
  • On Site: 1529 Days
  • Updated: 29 min ago
  • MLS #: 10072319
3
Beds
0
Baths
0
½ Baths
N/A
Acres
27,925
SQFT
$61
$/SQFT
Neighborhood:
A
County:
Craighead
Area:
A
Property Description
his is an incredible opportunity for a buyer who has a vision for the future. The 28,000 sq ft building is contiguous to the new St. Bernards Complex fronting on Church St. There is currently a tenant occupying the first floor of this building. There are more spaces that could be leased out to a restaurant or a medical tenant who is synergistic with the hospital. . Bernards Medical Center is moving forward on a $130 million master plan that will change the face of downtown Jonesboro. To be done in four phases, the plan calls for construction that will give St. Bernards a new front door'' on Jackson Avenue and will involve changes and additions to the medical center's Ben E. Owens Cancer Treatment Center and the Heartcare Center; construction of a new surgical and intensive care tower and a new emergency department configuration with access from Church Street; and renovation and refurbishing of the present medical center structure, including patient rooms.Work already has begun on the initial phase - that of the cancer center. When completed, it will bring all components of the St. Bernards cancer service line together in a single facility on the main campus while providing space for future growth. Both radiation oncologists (Drs. John Lynch and John Allgood) and medical oncology/hematology specialists (Drs. Mazen Khalil, Marc Mont and Aamer Farooq) will have offices and clinic space in the same building. The exterior of the ground level will have a new look, and a covered patient drop off will be added on Jackson Avenue. Interior space will be reconfigured to create an atrium, improve work flow and enhanced patient experience and to allow ample space for continued growth as St. Bernards meets needs within the region. Square footage will be added to the top level where the medical oncology/hematology clinic and a 27-chair outpatient infusion area will be located. The center also will include a laboratory for blood testing and a chemotherapy pharmacy which will prepare all physician-ordered antineoplastic drugs on site. Beginning Jan. 4, patients currently being treated at the cancer center will not be able to access the building from Jackson. Rather, they will enter from the ground level in the parking garage. Phase 1 work is anticipated to take approximately 11 months, with all facets of the cancer treatment center fully functional by October of 2016. Total cost of Phase 1 work will be approximately $9 million. Phase 2 will include changes at the Heartcare Center that will allow for expansion of invasive services, the addition of both a new electrophysiology lab and a new hybrid lab and renovation of current cardiac catheterization labs. The first floor of the Heartcare Center will be used for non-invasive cardiac procedures. The second level will house all invasive services, with construction bringing to six the total number of cath and EP labs. The third level - now simply shelled in - will be developed as a 30-unit patient prep and OPPORTUNITY ZONE AND HISTORICAL REGISTER TAX INCENTIVES AVAILABLE Property is located in the Opportunity Zone which has major tax incentives and the property has recently been placed on the Historic Register which includes 20% federal and state tax credits for any improvements. Jonesboro a beautiful city in Northeast Arkansas providing an exceptional quality of life, fantastic educational systems, excellent healthcare facilities and a tremendous amount of retail opportunities. Jonesboro's centralized location with easy access to major markets including Memphis, Tennessee has made it a magnet for every type of business. Jonesboro is a city in and one of the two county seats of Craighead County, Arkansas, United States. According to the 2010 US Census, the population of the city was 67,263. A college town, Jonesboro is the largest city in northeastern Arkansas and the fifth most populous city in the state. It is the principal city of and is included in the Jonesboro, Arkansas Metropolitan Statistical Area. In 2010, the Jonesboro metropolitan area had a population of 121,026 and an estimated population (2009) of 161,135 in the Jonesboro-Paragould Combined Statistical Area. Jonesboro is home to Arkansas State University and is a regional center for manufacturing, agriculture, medicine, education, and trade. Jonesboro is a city in and one of the two county seats of Craighead County, Arkansas, United States. According to the 2010 US Census, the population of the city was 67,263. A college town, Jonesboro is the largest city in northeastern Arkansas and the fifth most populous city in the state. It is the principal city of and is included in the Jonesboro, Arkansas Metropolitan Statistical Area. In 2010, the Jonesboro metropolitan area had a population of 121,026 and an estimated population (2009) of 161,135 in the Jonesboro-Paragould Combined Statistical Area. Jonesboro is also the home of Arkansas State University serving more than 12,000 students. We also have a
Exterior Features

Exterior Brick Linear Feet Of Road Frontage 0 Loading Dock Other Number Of Doors 0 Number Of Parking Spaces 0 Parking Types ConcreteOn SiteOn Street Roof Metal

Interior Features

1st Unit Sq Ft 0.00 2nd Unit Sq Ft 0.00 3rd Unit Sq Ft 0.00 Cooling Features Central Air Heat Features Central Electric Wall Height Unknown

Property Features

Agent Owned No Annual Expense 0 Auction No Builder Owned No Business Description RestaurantOffice Business Type CommercialOther Fips Code 31 Flood Zone No Lease Type Net Number Of Tenant 1 Number Of Tenants 1 Occupant Type Owner Possession At Closing Property Subtype1 Mixed Use Reo Property No Short Sale No Suggested Investor Prop Yes Tax Year 0 Taxes 10000.00 Transaction Type Sale Utilities Features City WaterElectricElectric-220Sewer Zoning C-1

Listing information © 2022 Jonesboro Board of REALTORS® MLS.
Listing provided courtesy of Arnold Group.

© 2022 Jonesboro Board of REALTORS® MLS. All rights reserved.
 
https://bt-photos.global.ssl.fastly.net/jonesboro/orig_boomver_4_10072319-2.jpg https://bt-photos.global.ssl.fastly.net/jonesboro/orig_boomver_4_10072319-2.jpg https://bt-photos.global.ssl.fastly.net/jonesboro/orig_boomver_4_10072319-2.jpg
Logo
Halsey Thrasher Harpole Real Estate Group
301 W Washington
Jonesboro AR, 72401