519 7Th StLittle Rock, AR 72201

Property Details for 519 7Th St

Year built

1950

Lot size

0.24 AC

Property size (Sq ft)

5,670 SF

Property type

Office buildings

APN

34L-020-06-060-00

APU

34L0200606000

Description

This exceptional 5,670-square-foot office building, located at 519 W 7th St in Little Rock, Arkansas, presents a compelling investment opportunity. Built in 1950 and extensively renovated in 2016, the property boasts a stylish industrial design. The single-story building sits on a 0.24-acre lot and offers ample parking, including both on-site and street parking. Its prime downtown location provides easy access to major thoroughfares like I-630 and I-30, placing it within convenient reach of the vibrant downtown and SoMa districts, known for their diverse selection of restaurants and retail establishments. The building is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. The asking price is $760,000, translating to $134.04 per square foot. Offers are due by July 11th, 2024. This Class C property is a single unit, offering a unique opportunity to acquire a well-maintained, centrally located office space in a thriving Arkansas market. The property's recent renovation ensures modern amenities and a contemporary aesthetic, making it an attractive option for businesses seeking a functional and stylish workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $901,250

  6.5%

  $831,923

  7%

  $772,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,575

  Geo Method

  $405,575

• Alternative Use

  Use

  Valuation

  Residential

  $1,031,585

  Hospitality

  $944,926

  Educational

  $786,168

  Medical

  $813,205

  Retail

  $1,222,928

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7427

Longitude

-92.2773

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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