355 Ledgelawn DrConway, AR 72034

Property Details for 355 Ledgelawn Dr

Year built

2009

Lot size

22.88 AC

Property size (Sq ft)

151,722 SF

Property type

Office properties

Property subtype

Office buildings

APN

711-08176-108

APU

71108176108

Description

This prestigious, LEED-certified Class A office building in Conway, Arkansas, offers 150,000 square feet of versatile space, perfect for owner-users or lease. Built in 2009, this two-story building sits on a spacious 22.88-acre lot, allowing for future expansion. The property features a modern, open floor plan easily adaptable to various needs, including the possibility of subdividing the space for smaller tenants (minimum 10,000 sq ft). High-end amenities include LED lighting with proximity sensors, sound masking, and a robust 1500 kW 3-phase generator ensuring reliable power. The HVAC system is zoned for efficient demising of lease spaces. Employees will enjoy a state-of-the-art fitness facility, cafeteria/restaurant, dining area, game room, outdoor volleyball court, and patio. This exceptional property provides a perfect blend of professional functionality and employee well-being in a tranquil campus setting. The building is currently vacant and available for occupancy September 18, 2024. The property's address is 355 Ledgelawn Drive, Conway, AR 72034, and the APN is 711-08176-108. Contact for pricing details.

• CAP approach

  CAP return

  Valuation

  6%

  $24,116,394

  6.5%

  $22,261,286

  7%

  $20,671,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,852,675

  Geo Method

  $10,852,675

• Alternative Use

  Use

  Valuation

  Residential

  $27,603,994

  Hospitality

  $25,285,110

  Educational

  $21,036,916

  Medical

  $21,760,408

  Retail

  $32,724,090

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0416

Longitude

-92.431

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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