715 N Patrick St, Jonesboro, AR 72405

Multifamily Development Opportunity! Prime development site minutes from Downtown Jonesboro and Arkansas State University. With ~1.71 acres and multi-family zoning, this tract is tailor-made for a garden-style, townhome, or mixed-unit community. Flat topography, established utilities in the area, and strong rental demand nearby make this a rare buildable opportunity. Highlights Zoned for Multi-Family Site Size: approx. 1.71 acres In/near Jonesboro's Opportunity Zones investors may explore federal Opportunity Zone benefits. Pro-growth location quick access to Downtown, medical, retail, ASU, employment centers. Flexible exit strategies build-for-rent, sell as townhome condos, or hold stabilized. Developer Notes: Jonesboro's RM-16 multifamily district allows up to 16 units per net acre. On 1.71 ac, that pencils to a theoretical max around 27 units before site planning constraints (roads, setbacks, parking, detention, open space, utilities) are applied. Some older code references and plan documents show 12-14 units/acre guidance in certain contexts, so a 20-27 unit planning range is a reasonable first pass pending a full site plan. Bring your architect/engineer and let's map out a density test fit. Seller and broker can help coordinate introductions with Planning & Zoning to streamline approvals.