323 Center StLittle Rock, AR 72201

Property Details for 323 Center St

Year built

1960

Lot size

0.49 AC

Property size (Sq ft)

193,906 SF

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

34L-020-05-016-00

APU

34L0200501600

Description

This eighteen-story office tower, located at 323 Center Street in Little Rock, Arkansas, offers 27,785 square feet of vacant, immediately available space. The building is currently configured for multiple tenants, with a minimum divisible space of 708 square feet and a maximum contiguous space of 9,305 square feet. Its prime downtown location places it one block from Main Street and the AC Marriott Hotel, offering easy access to the Technology Park, River Market, hotels, the convention center, and numerous restaurants and offices along Capital Avenue and Main Street. The building is also within walking distance of the courthouse and federal building. The recently renovated lobby, known as the Gallery, features retail space available for lease and showcases a unique sculpture, "The Quest," loaned to the building in 2019. Modern amenities include a parking deck adjacent to the building and a visually striking video screen display in the hallway connecting to the garage. The building currently houses a diverse range of tenants, including the Attorney General's offices, and other legal, professional, and medical offices. This property presents a unique opportunity for businesses seeking a prestigious and conveniently located office space in the heart of Little Rock. The building is classified as Executive Office and Medical Office space. The property is in Pulaski County, Arkansas, zip code 72201.

• CAP approach

  CAP return

  Valuation

  6%

  $38,218,636

  6.5%

  $35,278,740

  7%

  $32,758,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,498,650

  Geo Method

  $21,498,650

• Alternative Use

  Use

  Valuation

  Residential

  $35,278,740

  Hospitality

  $32,315,138

  Educational

  $26,885,816

  Medical

  $27,810,460

  Retail

  $41,822,380

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7457

Longitude

-92.2729

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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