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

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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