401 W Capitol Ave - Medical FOR SALE


Little Rock, AR 72201- Downtown Little Rock
$7,000,000 USD
501-952-9222
401 W Capitol Ave, Little Rock, AR for Sale
$7,000,000 USD
Medical - FOR SALE
1/29
null | Request Cap Rate

401 W Capitol Ave
Little Rock, AR 72201
Downtown Little Rock


HIGHLIGHTS

  • Current occupancy stands at +/- 40% offering multiple options for tenancy, including full floor and contiguous square footage scenarios.
  • The building’s unique atrium design funnels abundant natural light to otherwise artificially lit interior office space.
  • The building is adjacent to and shares common area with the 623,354 SF Simmons Tower Building.

OVERVIEW

The Lyon Building in Downtown Little Rock represents a unique opportunity for downtown tenancy or ownership through Colliers | Arkansas. Current occupancy stands at +/- 40% offering multiple options for tenancy, including full floor and contiguous square footage scenarios. The building’s unique atrium design funnels abundant natural light to otherwise artificially lit interior office space. There is restaurant and convenience shopping located in the atrium, and the building is adjacent to and shares common area with the 623,354 SF Simmons Tower Building, also offering multiple restaurant options and service amenities. The property benefits from significant capital expenditure investment in recent years, including: roof replacement in 2015, mechanical system upgrades in 2016 and remodel of all common areas (including bathrooms) on each floor of the building in 2022. The Lyon Building has 99 secure underground parking spaces in the basement of the building, and access to an additional 500 + deck and surface parking spaces within a 1.5 block radius of the property. With the Lyon Building being in the Little Rock central business district, there are multiple restaurant options as well as the Main Street and River Market entertainment districts, all within walking distance. Access wise, the property benefits from close and convenient access to I-630 and I-30, connecting the property to all parts of the city.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lyon Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

Office

APN/PARCEL ID

34L-020-06-009-03

ASK ABOUT THIS PROPERTY

Todd RiceColliers | ArkansasMore Info
501-952-9222

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Todd RiceColliers | ArkansasMore Info
501-952-9222

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