For Sale
$2,850,000

11215 Hermitage RdLittle Rock, AR 72211

Prime location, high visibility, value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This Little Rock, AR office building offers 22,300 square feet across two stories, situated on a 1.98-acre lot at a signalized intersection with excellent visibility from Chenal Parkway. The Class B building, constructed in 1981, features 10 units with seven tenants currently occupying 70% of the space. The property includes multiple building entrances, common and private bathrooms, and ample parking (5.5 spaces per 1,000 sq ft). Zoned O3, it offers flexible leasing options with suite sizes ranging from approximately 756 to a potential combined 6,372 square feet. The asking price is $2,850,000, translating to $145.74 per square foot. The land value alone is $127.80 per square foot. Convenient access to I-430 and I-630 provides easy commuting for tenants and employees. This is a fee-simple ownership opportunity with a gross lease type and is currently owner-occupied, presenting a strong value-add investment potential. The property's multi-tenant occupancy and strategic location make it an attractive investment for both owner-occupiers and investors seeking a strong return.

Highlights

  • $2,850,000 asking price for a 22,300 SF, two-story office building in Little Rock, AR.
  • Value-add, owner-occupied investment opportunity with a Class B designation.
  • Multi-tenant property (7 tenants) with 70% occupancy, offering a gross lease structure.
  • Located at a signalized corner on Hermitage Rd, offering high visibility and easy access to major highways (Chenal Pkwy, I-430, I-630).
  • Features include ample parking (5.5 spaces per 1,000 SF), common and private bathrooms, and multiple building entrances.

Property Details for 11215 Hermitage Rd

Property type
Office properties, Medical offices
Square Feet
22,300 SF
Class
B
Year Built
1981
Buildings
1
Stories
2
Lot Size (sq. ft)
86,249 SF
Units
10

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.746046837968
Longitude
-92.397774004392
11215 Hermitage Rd, Little Rock, Arkansas

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11215 Hermitage Rd
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