This exceptional investment opportunity presents a Class B, 47,906-square-foot office building situated on a 1.03-acre lot in Little Rock, Arkansas. Built in 1966, the property is zoned for Urban Use District and offers a unique blend of traditional office space with storage and warehouse capabilities. Located at 600 S Ringo St, 72201, this single-building property boasts convenient access to I-630 and is in close proximity to the Arkansas State Capitol, ensuring high visibility and accessibility. The asking price is $4,500,000, translating to a price per square foot of $93.93. Recent lease extensions in 2022 demonstrate strong tenant occupancy and potential for continued rental income. This property represents a compelling investment opportunity for those seeking a well-located, versatile commercial space in a thriving Arkansas market. The building's combination of office and storage/warehouse space caters to a diverse range of potential tenants, maximizing rental income potential. Its strategic location offers easy access to major transportation routes and key government facilities, enhancing its overall appeal and value. This is a rare chance to acquire a substantial commercial property in a desirable location with a proven track record of successful tenancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$8,715,896
Hospitality
$7,983,714
Educational
$6,642,356
Medical
$6,870,797
Retail
$10,332,554
Location Insight
City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7446
Longitude
-92.2839
CBSA code
30780
CBSA name
LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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