Over the years of economic growth in the city, we have noticed a high concentration of developments and businesses locating to the Hilltop area, right off Highway 49 (E. Johnson Avenue), which has helped spark a significant economic boom in the area. Major contributors to this boom are the recently built NEA Baptist Memorial Hospital and the Greensboro Village Multi-use Development, both of which are located within 3 miles of this property. Several national franchises have chosen to locate out in this area, most recently including, but not limited to, Marco’s Pizza, Jersey Mikes, Guthrie’s Chicken, Dollar Tree, and Dunkin’.
Jonesboro shares a strong commuter relationship with neighboring cities Brookland and Paragould, which contributes to the steady uptick in traffic counts along Highway 49, making it one of Jonesboro’s busiest thoroughfares. The property sits in an area on Highway 49 known as Farville Curve, which is currently undergoing major construction of its infrastructure in preparation for Jonesboro’s new $60+ MM Eastern Bypass. The Eastern Bypass aims to provide a direct thoroughfare between Highway 49 and I-555, which will assist in relieving congestion in the city and offer a smooth traffic flow into and out of the Farville Curve area.
As you can imagine, with such rapid commercial and residential growth happening in such a concentrated area, lease space is in high demand but short supply. That’s why Haag Brown Commercial is excited to be able to share that plans are underway for the construction of 49 Crossing, a state-of-the-art, 50’ x 200’ retail center on this 1.31 acre site in the middle of it all. The development offers 10,000 square foot for lease that can be divided in up to 8 suites and features 40 parking spaces on site. Due to its direct frontage to Highway 49, the space yields exposure to vehicle traffic ranging from 25,000 to 39,000 cars per day - ideal visibility for a variety of restaurant, retail or business users.
Joshua Brown
Haag Brown Commercial
