920 Spring StLittle Rock, AR 72201

Property Details for 920 Spring St

Year built

1930

Lot size

0.48 AC

Property size (Sq ft)

20,902 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

34L-020-06-033-00

APU

34L0200603300

Description

This exceptional Little Rock property at 920 South Spring Street offers a unique blend of retail, office, and industrial space, totaling 20,902 square feet. The building, fully renovated in 2011, sits on a 0.48-acre lot and includes a leased 50-space parking lot on an additional 0.48 acres, extending the lease through April 30, 2039, with renewal options. The property benefits from a UU - Urban Use District zoning designation. The space is ideally configured with approximately 17,302 square feet of office/showroom/flex space and 3,600 square feet of heated warehouse space. Warehouse features include roll-up overhead doors at the parking lot and on Spring Street, plus a dock-high on-ramp for efficient loading and unloading. Internal features include a wet sprinkler system, multiple restrooms, a large breakroom, executive offices, sales offices, training rooms, a showroom, open parts and service areas, and additional attic storage (not included in the square footage). This prime location boasts high visibility and convenient access to I-630, placing it near numerous restaurants and amenities, including Starbucks and Wendy's, and within close proximity to Simmons Tower and other businesses. The asking price is $1,555,000. Lease details for the parking lot are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $4,883,910

  6.5%

  $4,508,224

  7%

  $4,186,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,767,702

  Geo Method

  $3,767,702

• Alternative Use

  Use

  Valuation

  Residential

  $3,802,856

  Hospitality

  $3,483,396

  Educational

  $2,898,144

  Medical

  $2,997,816

  Retail

  $4,508,224

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.74

Longitude

-92.2759

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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