600 Ringo StLittle Rock, AR 72201

  • Warehouses
  • 47,906 SF
For Sale
$4,500,000 View listing

Property Details for 600 Ringo St

Year built
1966
Lot size
1.03 AC
Property size (Sq ft)
47,906 SF
Property type
Warehouses
APN
34L-020-15-087-00
APU
34L0201508700

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,170
$89,732
$341,268
$431,000
-
$448,660
$1,706,340
$2,155,000

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