Large Technology Building in Growing Retail Market
Email
2908 S. Caraway Rd.
Jonesboro, AR 72401
Price:
$7,250,000
Building Size:
64,511 SF
Lot Size:
5.00 AC
Year Built:
1995
Broker(s):
Zac Qualls
Joshua Brown
Highlights
  • Largest Commerical Building Available in Jonesboro’s Retail Market
  • Easy Access to Interstate 555
  • Staple Along Caraway Road for 2+ Decades
  • Exposure to 25,000 CPD
  • Area is Experiencing Rapid Retail and Restaurant Growth
  • 20 New Establishments Added in Only 5 Years
  • Fifth Generation Technology Throughout
  • Priced At Half the Replacement Cost
  • 28,195 SF Immediately Available for Lease
Property Description
The former Teletech building, a 64,511 square foot technology facility located in one of the fastest growing retail corridor’s in Arkansas’ 5th largest market, is now for sale. Sitting just off of Interstate 555, this is the single largest commercial building available today in Jonesboro's retail market.

This 5 acre site has been a staple along Caraway Road, one of Jonesboro's main North/South arteries, for over two decades. Although the corridor experienced a retail slump after the former Indian Mall tenants moved in 2006, the drive by traffic counts have been steadily increasing and now average approximately 25,000 cars per day. With over 20 major local and national deals occurring along this thoroughfare in the last 5 years, Caraway Road is once again a primary destination for retailers and restaurants.

New restaurants and retailers to the area include Kroger Marketplace, Texas Roadhouse, Tommy’s Express Car Wash, Smoothie King, Krystal, Ross, Tuesday Morning, Bargain Hunt, Play-It-Again Sports, Golden Corral, Freddy’s Frozen Custard & Steakburgers, Chipotle, and Southern Chef/VP Racing Fuels.

Occupied by the former tenant for close to 5 years, this is the most modern, walk-in ready office space obtainable. The building is full of innovative office furniture/equipment and features fifth generation technology and fiber throughout, multiple executive offices and conference rooms, a fantastic full-service cafeteria, and a fully furnished workout area, not to mention, a 9,500+ square foot state-of-the-art medical clinic and parking for up to 385 vehicles. Signage is also available on the building, as well as, along Caraway Road.

Priced at half the replacement cost and encompassed by a myriad of new developments, the former Teletech building represents a rare, strategic opportunity, in one of the highest traffic areas in Jonesboro.