601 Scott StLittle Rock, AR 72201

Property Details for 601 Scott St

Year built

1948

Lot size

0.08 AC

Property size (Sq ft)

3,564 SF

Property type

Office buildings

APN

34L-020-02-043-00

APU

34L0200204300

Description

This exceptional 3,564 square foot office building is ideally situated in the heart of Downtown Little Rock, Arkansas, at 601 Scott Street, zip code 72201. The property boasts a prime location offering easy access to the vibrant River Market District, the creative energy of the Main Street Corridor, and the financial hub of the city. Its central location ensures close proximity to a wealth of amenities, including hotels, restaurants, and various retail shops, creating a convenient and attractive environment for businesses and employees. The building itself comprises one structure with two units, providing a flexible layout suitable for a variety of uses. The interior features seven private offices, perfect for individual work or small teams, and two spacious conference rooms, adaptable to meetings, presentations, or collaborative workspaces. The asking price is $349,000, translating to a price per square foot of $97.92. This presents a compelling investment opportunity in a thriving urban core. The property's strategic location and versatile interior make it an ideal choice for businesses seeking a prominent presence in Little Rock's dynamic downtown area. This is a rare opportunity to acquire a well-positioned, functional office building in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $566,500

  6.5%

  $522,923

  7%

  $485,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,933

  Geo Method

  $254,933

• Alternative Use

  Use

  Valuation

  Residential

  $648,425

  Hospitality

  $593,954

  Educational

  $494,162

  Medical

  $511,157

  Retail

  $768,697

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7428

Longitude

-92.2699

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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