5924 University AveLittle Rock, AR 72209

  • Industrial properties
  • 720 SF
For Sale
$599,000 View listing

Property Details for 5924 University Ave

Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.16 AC
Property size (Sq ft)
720 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
44L-170-00-001-00
APU
44L1700000100

Description

This exceptional 1.7-acre commercial and industrial land parcel is ideally situated on South University Avenue in Little Rock, Arkansas, offering unparalleled visibility and accessibility. Boasting 300 feet of frontage along South University Avenue, which sees 37,000 vehicles daily, this property benefits from significant traffic exposure. Its location provides convenient access to both southbound University Avenue and Mabelvale Pike, enhancing its appeal for a variety of businesses. The property is only a three-minute drive from the University of Arkansas at Little Rock, with its 9,000+ student population, creating a strong potential customer base. The area is densely populated with national retailers, including U-Haul, Circle K, McDonald's, 10 Fitness, Harbor Freight, Citi Trends, and Sherwin-Williams, further solidifying its prime commercial location. The property is zoned I2 (southern lot) and C3 (northern lot), offering flexibility for diverse development opportunities. Proximity to Interstate 30 (1.5 miles) provides easy access to major transportation routes. Nearby roadways also boast high traffic counts: Mabelvale Pike (3,100 VPD), West 65th Street (13,000 VPD), and Geyer Springs Road (27,000 VPD), and I-30 (104,000 VPD). This prime location, coupled with its substantial size and favorable zoning, presents a remarkable investment opportunity in a thriving Little Rock market. The asking price is $599,000. The property's address is 5924 S University Ave, Little Rock, AR 72209.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $130,996
    Hospitality
    $119,991
    Educational
    $99,831
    Medical
    $103,265
    Retail
    $155,293
5924 University Ave, Little Rock, Arkansas

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.6943
Longitude
-92.347
CBSA code
30780
CBSA name
LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,470
$30,264
$62,159
$92,423
-
$151,320
$310,795
$462,115

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