225 Markham StLittle Rock, AR 72201

Property Details for 225 Markham St

Year built

1924

Lot size

0.17 AC

Property size (Sq ft)

28,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

34L-020-02-072-00

APU

34L0200207200

Description

This exceptional 35,600 square foot retail and restaurant property, located at 225 E Markham St in Little Rock, AR, presents a unique investment opportunity. Situated at a high-traffic intersection in the vibrant River Market District, this Class B building boasts a single tenancy with 4,500 square feet currently vacant. Built in 1920, the four-story building features an elevator and is ideally positioned to benefit from the area's high pedestrian and vehicular traffic. The property includes an existing patio area perfect for outdoor dining, and ample parking is available nearby, with over 1,800 additional spaces within a three-block radius. The strategic location places the property within easy reach of major downtown attractions, including the Simmons Bank Arena, Statehouse Convention Center, and Clinton Presidential Library, as well as numerous restaurants, shops, and cultural institutions. The building benefits from a strong daytime workforce exceeding 42,000 employees. Recent improvements include a new vent hood installation. This property offers a rare chance to establish a thriving business in the heart of Little Rock's bustling downtown core. The 0.17-acre lot provides ample space for outdoor activities and potential expansion. Current tenants include notable organizations such as the Winthrop Rockefeller Foundation and Stone Ward, underscoring the desirability of this location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,450,616

  6.5%

  $4,108,261

  7%

  $3,814,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,002,840

  Geo Method

  $2,002,840

• Alternative Use

  Use

  Valuation

  Residential

  $5,094,244

  Hospitality

  $4,666,300

  Educational

  $3,882,307

  Medical

  $4,015,825

  Retail

  $6,039,144

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7475

Longitude

-92.2681

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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