2715 Kavanaugh BlvdLittle Rock, AR 72205

Property Details for 2715 Kavanaugh Blvd

Year built

1935

Lot size

0.18 AC

Property size (Sq ft)

6,640 SF

Property type

Retail properties

Property subtype

Retail space

APN

33L-047-00-216-00

APU

33L0470021600

Description

This exceptional investment opportunity presents a fully occupied, 6,353 square foot retail property situated on Kavanaugh Boulevard in Little Rock's desirable Hillcrest neighborhood. The property, a landmark building constructed in 1899 and extensively renovated in 2017, boasts two distinct units currently operating at 100% occupancy. Each unit features a completely remodeled kitchen, equipped with updated HVAC systems, new plumbing, and a new grease trap, ensuring efficient and modern operations. The single-story building sits on a 0.18-acre lot (APN: 33L-047.00-216.00) and offers convenient front-door parking, a significant advantage in this highly walkable area. This core investment property benefits from its prime location within a stable and thriving market, making it an attractive opportunity for discerning investors. The property's historical charm, combined with its modern upgrades and strong tenant occupancy, presents a rare chance to acquire a prominent retail center in a submarket known for its long-term stability and desirability. A comprehensive offering memorandum is available upon request following the execution of a confidentiality agreement. This is a unique chance to own a piece of Little Rock's rich history while capitalizing on a robust retail market. The property is classified as a Modified Lease, Multi-Tenancy with two units.

• CAP approach

  CAP return

  Valuation

  6%

  $1,551,489

  6.5%

  $1,432,143

  7%

  $1,329,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,196,897

  Geo Method

  $1,196,897

• Alternative Use

  Use

  Valuation

  Residential

  $1,208,066

  Hospitality

  $1,106,582

  Educational

  $920,664

  Medical

  $952,327

  Retail

  $1,432,143

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7574

Longitude

-92.3239

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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