Attention Developers & Hoteliers: Excellent Rehab or Redevelopment Oppty.
Property Details:
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5+/- acre site on I-555 at South Caraway Road, Exit 42, in Jonesboro, Arkansas
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Originally developed as a 179-room Holiday Inn, the property occupies the strategic northeast quadrant of the interchange
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130,000+/- sq. ft. hotel building offers:
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Separate restaurant, bar, and breakfast buffet spaces
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Multiple event spaces and conference rooms
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Equipped kitchen
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Indoor pool
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Numerous flat-screen TVs, which convey along with all owned personal property
Frontage on I-555 exit ramp, S. Caraway Rd., and Phillips Dr. -
Flexible C-2 zoning
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Prime location adjacent to hotels, restaurants, convenience stores, and other thriving interstate and commercial enterprises
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Traffic counts:
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I-555 near S. Caraway Rd. exit: 36,000+/- vehicles/day
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S.Caraway Rd.: 25,000+/- vehicles/day
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Phillips Dr.: 5,700+/- vehicles/day
Property and Auction Location:
3006 South Caraway Rd
Jonesboro, AR 72401
Property Preview:
Tuesday, June 5, Noon CT
Auction Date and Time:
Wednesday, June 13, Noon CT, on-site
Can’t attend in person? Contact Tranzon representative by Monday, June 11, 2018, to arrange phone or online simulcast bidding.
For Additional Information:
Please tap or click "View Property" above to visit the listing at Tranzon.com, then be sure to download the Property Information Package by clicking on the words under "Documents to Download." By downloading this package, you will alert Tranzon Asset Advisors to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
You may also call Timothy Mast, CAI, AARE at (888) 791-7307 Ext 84 with any additional questions you may have.
Tranzon Asset Advisors | Edward D. Durnil, AR Real Estate #PB000060144 | Tim Mast, AR Auctioneer #1955 | U.S. Bankruptcy Court, Eastern District of Texas, Sherman Division, Case No. 17-40311
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