1924 University AveLittle Rock, AR 72204

Property Details for 1924 University Ave

Year built

1969

Lot size

0.17 AC

Property size (Sq ft)

3,168 SF

Property type

Retail properties

Property subtype

Retail space

APN

44L-105-01-032-01

APU

44L1050103201

Description

This exceptional 3,168 square foot free-standing retail building is located at 1924 S University Avenue in Little Rock, Arkansas, within Pulaski County. Built in 1969, this Class B property sits on a 0.17-acre lot and offers a single-tenant occupancy. Currently vacant, the entire building is available for lease. The property enjoys a highly visible location directly across from the University of Arkansas at Little Rock campus, benefiting from the daily traffic of approximately 8,100 students and 1,470 faculty and staff. With a daily traffic count of 34,000 vehicles on University Avenue, this location provides unparalleled exposure. The property's convenient proximity to shopping, dining, and professional services further enhances its appeal. Its accessibility is also a key advantage, being only one mile from Interstate 630. Significant renovations are planned for the University and Colonel Glenn corridor, including the UALR-owned shopping center at the corner, promising future growth and increased foot traffic in the area. This presents a unique opportunity for a business seeking high visibility and a strong location within a vibrant community. The property's zip code is 72204.

• CAP approach

  CAP return

  Valuation

  6%

  $740,230

  6.5%

  $683,289

  7%

  $634,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $571,050

  Geo Method

  $571,050

• Alternative Use

  Use

  Valuation

  Residential

  $576,380

  Hospitality

  $527,961

  Educational

  $439,257

  Medical

  $454,364

  Retail

  $683,289

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7343

Longitude

-92.3421

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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