1123 University AveLittle Rock, AR 72204

Property Details for 1123 University Ave

Year built

1967

Lot size

3.52 AC

Property size (Sq ft)

94,752 SF

Property type

Retail properties

Property subtype

Banks

APN

34L-110-00-002-00

APU

34L1100000200

Description

The University Tower, located at 1123 S. University Ave, Little Rock, AR 72204, offers a variety of office spaces to suit your business needs. This prime midtown location boasts 104,000 square feet of total building space, with 17,500 square feet currently vacant. Flexible options are available, ranging from a minimum of 396 square feet to a maximum contiguous space of 8,000 square feet, accommodating businesses of all sizes. The building features a shared tenant conference facility, controlled after-hours access, and professional on-site management. Free surface parking is provided for tenants' convenience. Tenant finishes are negotiable, allowing for customization to meet specific requirements. The University Tower enjoys excellent accessibility, situated on I-630, just 10 minutes from downtown Little Rock. Its convenient location is also within close proximity to major amenities, including Park Plaza Mall, Park Avenue, Target, the University of Arkansas at Little Rock, St. Vincent Infirmary Medical Center, and St. Vincent Doctors Hospital. Nearby hotels, restaurants, and banking services further enhance the building's appeal. This Pulaski County property presents a compelling opportunity for businesses seeking a well-equipped and strategically located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $22,139,590

  6.5%

  $20,436,544

  7%

  $18,976,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,079,578

  Geo Method

  $17,079,578

• Alternative Use

  Use

  Valuation

  Residential

  $17,238,990

  Hospitality

  $15,790,822

  Educational

  $13,137,779

  Medical

  $13,589,607

  Retail

  $20,436,544

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7421

Longitude

-92.3406

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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