105 Capitol AveLittle Rock, AR 72201

Property Details for 105 Capitol Ave

Year built

1983

Lot size

0.64 AC

Property size (Sq ft)

73,888 SF

Property type

Office properties

Property subtype

Office buildings

APN

34L-020-04-093-00

APU

34L0200409300

Description

This exceptional 73,888 square foot, six-story office building, located at 105 W Capitol Ave in Little Rock, Arkansas, presents a unique investment opportunity. Situated at the corner of South Louisiana and West Capitol, it boasts 415 feet of frontage on South Louisiana Street, offering unparalleled visibility. Its prime location places it within walking distance of the River Market District, Main Street Creative Corridor, Financial Quarter, and Commercial Business District, enhancing its appeal to a wide range of businesses. The building's proximity to the recently revitalized Boyle Building, soon to house the Arkansas Attorney General's office, further strengthens its desirability. The property is zoned UU (Urban Use) and offers customizable office space suitable for both startups and established companies. Ample parking is available throughout the downtown area, including free street parking along South Louisiana Street, and 11 dedicated parking spaces. The building's recent improvements include a roof replacement in 2022. Easy access to major thoroughfares, including I-630 and I-30, ensures convenient connectivity. This strategic location, coupled with its competitive asking price of $4,000,000, makes this a compelling investment in Little Rock's thriving urban core. The building's unique architectural design and its proximity to essential amenities, including banks, law firms, restaurants, and cultural venues, make it an ideal location for businesses seeking a vibrant and convenient urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $12,025,568

  6.5%

  $11,100,524

  7%

  $10,307,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,285,208

  Geo Method

  $5,285,208

• Alternative Use

  Use

  Valuation

  Residential

  $13,764,650

  Hospitality

  $12,608,345

  Educational

  $10,489,995

  Medical

  $10,850,762

  Retail

  $16,317,770

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7439

Longitude

-92.2721

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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