Downtown renovations to create new rental opportunities - KAIT Jonesboro, AR - Region 8 News, weather, sports

Downtown renovations to create new rental opportunities

(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
PARAGOULD, AR (KAIT) -

New property owners in the 100-block of North Pruett Street could change the face of Downtown Paragould.

In the past six months, ownership of four buildings in that block have changed.

Main Street Paragould Director Gina Jarrett said those buildings were previously underutilized. Some simply served as storage.

Jarrett said that kept them from having any ready-to-rent retail properties downtown, despite the potential for it.

Chris Bass is the new owner of three of those buildings.

Bass said as someone who lives and works downtown, he just wants to see the area used to its full potential.

"It helps everybody down here. It increases the property values. It brings more people down here to shop and eat and just do business in Downtown Paragould," Bass said. "Which, as things continue to get more expensive out on Highway 49 and different places, this is a great opportunity for somebody to come down here and do a start-up and see what they can do with it."

Bass said it would be a while before the buildings are ready to rent out, but already people have expressed interest in the properties.

Bass said best of all, their restoration efforts have uncovered some of the building's original features.

"You don't know what's underneath here until you start taking it out and looking at it. A lot of this, the historical value has been covered up and it's so fun to start taking it off and see what was done 100 years ago. It's real exciting to do and people love the history. They love the old look and once you do it, it's just been easy to get somebody interested in coming down and being a part of it."

Once the restorations are complete, there will be multiple store fronts available for rent.

Jarrett said one building even has the potential for a loft or second-floor office space.

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