2200 Roosevelt RdLittle Rock, AR 72206

Property Details for 2200 Roosevelt Rd

Year built

1956

Lot size

26.87 AC

Property size (Sq ft)

339,524 SF

Property type

Office properties

Property subtype

Office buildings

APN

34L-233-00-026-00

APU

34L2330002600

Description

This exceptional industrial land parcel, located at 2200 E Roosevelt Rd in Little Rock, Arkansas (zip code 72206), presents a unique investment opportunity. The property is situated on the southwest corner of a larger, fully leased 352,599 square foot industrial site currently occupied by Novus International, Inc., a leading developer and manufacturer of health and nutrition solutions for various agricultural sectors. This specific parcel offers ample space for a small fleet parking area and presents the potential for new construction, with building sizes ranging from 2,000 to 5,000 square feet. Its strategic location offers excellent access to the Little Rock Airport and major interstate highway systems, providing convenient transportation links for businesses. The land is available for outright sale, or the owner is open to co-development opportunities. This presents a compelling chance to acquire a well-positioned industrial site in a thriving area of Pulaski County, Arkansas. The property's proximity to established businesses and its potential for development make it an attractive proposition for investors and developers alike. Detailed site plans and further information are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $53,967,536

  6.5%

  $49,816,188

  7%

  $46,257,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,286,152

  Geo Method

  $24,286,152

• Alternative Use

  Use

  Valuation

  Residential

  $61,772,072

  Hospitality

  $56,582,888

  Educational

  $47,076,296

  Medical

  $48,695,324

  Retail

  $73,229,792

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7234

Longitude

-92.2469

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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