221 2Nd StLittle Rock, AR 72201

Property Details for 221 2Nd St

Year built

1907

Property size (Sq ft)

2,040 SF

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

34L-020-51-111-10

APU

34L0205111110

Description

This exceptional retail opportunity is located at 221 W 2nd Street in Little Rock, Arkansas, a vibrant location in the heart of the Central Business District. The property, built in 1907, is a single, ten-story building totaling 81,102 square feet. Currently, one restaurant space is available, measuring 2,190 square feet, perfect for a variety of culinary concepts. The building features convenient elevator access. Its strategic position at the intersection of 2nd and Center Streets offers unparalleled visibility and accessibility. Across the street from the Stephens Building, this property benefits from high foot traffic and proximity to key attractions. The location is ideal, being near county courthouses, numerous hotels, other restaurants, and the bustling River Market District, ensuring a strong customer base. This is a rare chance to establish a business in a highly sought-after area of Pulaski County, Arkansas, with a zip code of 72201. The property's historical charm combined with its modern conveniences makes it an exceptional investment opportunity. The single-building property offers a unique opportunity for a restaurant to thrive in a high-traffic, central location.

• CAP approach

  CAP return

  Valuation

  6%

  $402,082

  6.5%

  $371,152

  7%

  $344,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,178

  Geo Method

  $226,178

• Alternative Use

  Use

  Valuation

  Residential

  $371,152

  Hospitality

  $339,973

  Educational

  $282,854

  Medical

  $292,582

  Retail

  $439,995

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7471

Longitude

-92.2727

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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