3500 Landers RdNorth Little Rock, AR 72117

Property Details for 3500 Landers Rd

Year built

1997

Lot size

11.79 AC

Property size (Sq ft)

105,090 SF

Property type

Showrooms

APN

23N-011-01-019-02

APU

23N0110101902

Description

This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in North Little Rock, Arkansas. Located at 3500 Landers Road, zip code 72117, this single-tenant property boasts a highly desirable location directly off US Highway 167, experiencing a substantial daily traffic volume of 82,000 vehicles. The property's convenient access to this major thoroughfare ensures high visibility and accessibility for any commercial venture. Situated in Pulaski County, this expansive lot offers significant potential for development, catering to a wide range of commercial uses. The land's size provides ample space for construction, allowing for flexibility in design and functionality. With its strategic location and considerable acreage, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving area. The address is easily accessible and visible from the highway, making it ideal for businesses that rely on high traffic volume for customer reach. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location with excellent visibility and accessibility. The property is ready for immediate development, offering a blank canvas for a variety of commercial projects.

• CAP approach

  CAP return

  Valuation

  6%

  $19,110,600

  6.5%

  $17,640,600

  7%

  $16,380,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,817,770

  Geo Method

  $7,817,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $34,398,700

  Mixed-Use / Specialty

  $17,578,500

  Hospitality / Lodging

  $12,897,900

  Office

  $17,475,000

  Institutional / Educational

  $18,274,900

  Residential Income

  $21,381,600

  Multifamily

  $25,639,200

  Automotive / Energy

  $15,664,200

  Parking / Income-Based Land

  $5,404,670

  Restaurant / Food Service

  $9,144,580

  Healthcare / Senior Housing

  $18,025,600

Location Insight

City

N Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7859

Longitude

-92.226

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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