11215 Hermitage RdLittle Rock, AR 72211

Property Details for 11215 Hermitage Rd

Year built

1981

Lot size

1.98 AC

Property size (Sq ft)

22,300 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.746

Longitude

-92.3978

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