12318 Chenal PkwyLittle Rock, AR 72211

Property Details for 12318 Chenal Pkwy

Year built

2000

Lot size

3.69 AC

Property size (Sq ft)

20,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

44L-071-15-003-00

APU

44L0711500300

Description

This exceptional 3,200 square foot Class A retail space, formerly occupied by Ghengis Grill, is ideally situated at 12318 Chenal Parkway in Little Rock, Arkansas, 72211. The property enjoys a prominent location near the intersection of Chenal Parkway and Markham Street, benefiting from high visibility and significant traffic volume. Chenal Parkway sees over 40,000 vehicles per day, while Markham Street boasts 27,000 vehicles per day, ensuring substantial exposure for any business. The freestanding building sits on a 0.63-acre lot and offers a single-tenant occupancy. The space underwent renovations in 2020, presenting a move-in ready opportunity for a variety of restaurant or retail concepts. The property's location within the desirable Chenal Parkway submarket guarantees access to a thriving and affluent customer base. This is a rare opportunity to secure a well-maintained, high-traffic retail space in a prime Little Rock location. The building's size and location make it suitable for a wide range of businesses seeking a strong presence in a high-demand area. The 2020 renovations ensure modern amenities and a contemporary aesthetic.

• CAP approach

  CAP return

  Valuation

  6%

  $4,673,180

  6.5%

  $4,313,704

  7%

  $4,005,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,605,112

  Geo Method

  $3,605,112

• Alternative Use

  Use

  Valuation

  Residential

  $3,638,771

  Hospitality

  $3,333,094

  Educational

  $2,773,096

  Medical

  $2,868,466

  Retail

  $4,313,704

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7529

Longitude

-92.4124

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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