Turnkey Event Center and
2005 N Main Street, North Little Rock, AR 72116
Colonial, Building and Land - North Little Rock, AR
Property size:
8,328 SFLot size:
0.34 AcresPrice / SF:
$119/SF- Added:
- Mar 16, 2026
- Days on Market:
- 79
- Last Refresh:
- Jun 2 at 10:06 pm
Property Features for 2005 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security System
- Interior features
- Equipment (see Remarks), Kitchen Area, Furniture Included, Security System, Stairs
- Exterior features
- Fully Fenced
- Fencing
- Fenced, Full
- Standard status
- Active
- Size
- 8,328 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14494.89
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Flooring type
- Tile, Wood
- Building materials
- Frame, Wood Siding
- Roof type
- Composition
- Architectural style
- Colonial
Listing agent Gail Ott (501) 680-2444
Listing office Re/Max Encore - NLR 5601 J.F.K. Blvd., Cabot, AR (501) 650-3939
Listing date Mar 16, 2026
MLS# 26010047
Listing URL
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey event center/venue ready for immediate operation.
- Spacious 6,000 sq ft event center built in 2009, ideal for large gatherings.
- Fully equipped commercial kitchen, bride's room, sound system, tables, chairs, and tablecloths included.
- Historic 2,000 sq ft main home with classic charm, suitable for office or Bed & Breakfast.
- Prime Main Street location in North Little Rock.
- Picturesque grounds perfect for photographs.
Overview
This historic property in North Little Rock, Arkansas, presents a turnkey event center and venue opportunity suitable for various uses, including a bed and breakfast or office space. The main home, approximately 2,000 square feet, exhibits classic charm. Constructed in 2009, the adjacent event center spans around 6,000 square feet, providing space for large gatherings such as weddings, meetings, and reunions. The two-story event center features hardwood flooring, molding, and chandeliers. The grounds offer a setting for photographs. The event center is equipped with tables, chairs, tablecloths, a commercial kitchen, a bride's room, and a sound system. Located on Main Street, the historic home is suitable for office use. The property is situated on a 0.34-acre lot.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.9k | $12.60 |
| − Vacancy | −$12.1k | −$1.45 |
| EGI | $92.9k | $11.15 |
| − OpEx | −$23.2k | −$2.79 |
| NOI | $69.6k | $8.36 |
8,328 SF · lease $12.60/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$995.0K
$870.6K – $1.16M
NOI $69,649 @ 7.0% cap · market cap 7.00%
Second Best
Hotel Hospitality
$720.5K
$630.5K – $840.6K
NOI $50,436 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,200 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
La Vada's
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.267262
- Latitude
- 34.773568
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Historic property ideal for events, B&B, or office space.
Where is this wedding venue located?
The property is located at 2005 N Main Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey event center/venue ready for immediate operation.; Spacious 6,000 sq ft event center built in 2009, ideal for large gatherings.; Fully equipped commercial kitchen, bride's room, sound system, tables, chairs, and tablecloths included.
