403 Vine StNorth Little Rock, AR 72114

Property Details for 403 Vine St

Year built

1958

Lot size

1.03 AC

Property size (Sq ft)

10,320 SF

Property type

Warehouses

APN

33N-284-00-015-00

APU

33N2840001500

Description

This exceptional 1.03-acre commercial land parcel presents a remarkable investment opportunity for developers and investors alike. Situated at 403 N Vine in North Little Rock, Arkansas (zip code 72114), this property boasts an advantageous location within a thriving industrial and commercial area. The site's strategic positioning offers high visibility and easy access to major transportation arteries, ensuring efficient logistics and distribution. Specifically, the property benefits from proximity to E Broadway St (20,000 AADT) and I-30 (127,000 AADT), providing significant traffic exposure. Ample parking is available, facilitating convenient loading and unloading operations. Adding to its appeal, this property also includes an additional 0.07-acre parcel of land, expanding the development potential. Further enhancing its investment prospects, this location is designated as an Opportunity Zone, potentially offering significant tax advantages for qualified investors. This prime land is ideal for the construction of an industrial building, capitalizing on the area's robust commercial activity and excellent infrastructure. The property's size and location make it a highly desirable asset for those seeking a strategic foothold in the North Little Rock market. Don't miss this chance to acquire a truly exceptional piece of commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $3,659,510

  6.5%

  $3,378,010

  7%

  $3,136,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,181,100

  Geo Method

  $1,181,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,732,330

  Mixed-Use / Specialty

  $1,726,240

  Hospitality / Lodging

  $1,266,600

  Office

  $1,716,080

  Institutional / Educational

  $1,794,630

  Residential Income

  $2,099,720

  Multifamily

  $2,517,810

  Automotive / Energy

  $1,538,250

  Parking / Income-Based Land

  $530,748

  Restaurant / Food Service

  $898,015

  Healthcare / Senior Housing

  $1,770,140

Location Insight

City

N Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7574

Longitude

-92.2597

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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