2020 W 3rd St - Office/Residential FOR SALE


Little Rock, AR 72205
$2,700,000 USD
501-266-0007
2020 W 3rd St, Little Rock, AR for Sale
$2,700,000 USD
Office/Residential - FOR SALE
1/33
null | Request Cap Rate

2020 W 3rd St
Little Rock, AR 72205


HIGHLIGHTS

  • 40 Commercial Spaces from 200SF to 4000SF Ready to Redeveloped
  • 60+ Parking spaces
  • Mail Room/Break Room
  • 2 Elevators
  • Convenient access to major highways and public transportation

OVERVIEW

The Executive Building—a remarkable redevelopment opportunity in the heart of Little Rock, Arkansas. Formerly offering six stories of diverse office and retail spaces, this prime property is being strategically reimagined to meet the surging demand for multifamily housing. The shift will transform the existing commercial layout into vibrant residential units, providing an attractive investment for those eager to capitalize on the strength and stability of the multifamily sector. This unique value-add project will enhance the property’s potential, with 28 Units positioned for tasteful renovations to align with the refined lifestyle and convenience today’s renters seek, and 63 self-storage units to maximize your potential income. See the attached Offering Memorandum (Future Rent Numbers, Renovation Budget, Floor Plan) Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Executive Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

C3

APN/PARCEL ID

34L-038-00-055-00

ASK ABOUT THIS PROPERTY

Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

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Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.