Renovated Retail Building on
4700 S University Avenue, Little Rock, AR 72204
Building and Land - Little Rock, AR
Property size:
4,331 SFLot size:
2.25 AcresPrice / SF:
$230/SF- Added:
- Feb 9, 2026
- Days on Market:
- 97
- Last Refresh:
- May 17 at 3:06 am
Property Features for 4700 S University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 50
- Security features
- Security System
- Interior features
- Equipment (see Remarks), Inventory (see Remarks), Smoke Detector, Burglar Alarm, Handicapped Design, Kitchen Area, Video Surveillance, Security System
- Exterior features
- Partially Fenced, Storage Building, Pole Sign, Door Sign, Video Surveillance
- Fencing
- Fenced, Partial
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 4,331 SF
- Lot size
- 2.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4753
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Vinyl Siding
- Roof type
- Flat
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Monita Collins (501) 922-8493
Listing office CENTURY 21 H.S.V. Realty 121 Cordoba Ctr. Dr. # 100, Hot Springs Village, AR (501) 922-2021
Listing date Feb 9, 2026
MLS# 26005085
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
- High‑traffic, high‑visibility location on S. University Ave. with easy I‑30 access.
- Zoned C‑4 Commercial, allowing for diverse business opportunities.
- Large 4,300+ SF building on approximately 2.25 acres with 50+ parking spaces.
- Existing income from operating liquor store with potential for expansion.
- Immediate rental income from multiple food vendors on the fully paved lot.
- Features include a drive‑through window, large walk‑in cooler, private office, and abundant storage.
Overview
This renovated 4,300+ SF building is situated on approximately 2.25 acres. The property is located in a high-traffic, high-visibility area on S. University Ave., just off the I-30 exit, offering excellent access and exposure. The property is zoned C-4 Commercial, allowing a wide range of uses including office, restaurants, and entertainment. The fully paved lot provides 50+ parking spaces and currently hosts multiple food vendors, creating immediate rental income while increasing overall foot traffic. Additional features include a convenient drive-through window, large walk-in cooler extending behind all display cooler units for efficient loading, private office, coffee room, and abundant storage space. The property is located in Little Rock, AR.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$578.1K
NOI $52,029 @ 9.00% cap · cautious / downside scenario
Moderate
$743.3K
NOI $52,029 @ 7.00% cap · market / base-case scenario
Aggressive
$1.04M
NOI $52,029 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $17.04 |
| − Vacancy | −$4.4k | −$1.02 |
| EGI | $69.4k | $16.02 |
| − OpEx | −$17.3k | −$4.00 |
| NOI | $52.0k | $12.01 |
4,331 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$743.3K
$650.4K – $867.2K
NOI $52,029 @ 7.0% cap · market cap 5.20%
Second Best
Retail
$693.7K
$607.0K – $809.4K
NOI $48,561 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$786.8K
$688.4K – $917.9K
NOI $55,074 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
V.P. Auto Sales ...
Car Dealership
Sips Wine & Spirits
(Bike/Boat/Book/etc) Store
Taqueria el viejillo
Restaurant
Similar Places Nearby
- Target Grocery — 420 S University Ave, Little Rock, AR 72205
- Station U — 5800 W 10th St, Little Rock, AR 72204
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.345563
- Latitude
- 34.707884
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - 4,300+ SF building on 2.25 acres in Little Rock.
Where is this grocery and convenience store located?
The property is located at 4700 S University Avenue Little Rock, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High‑traffic, high‑visibility location on S. University Ave. with easy I‑30 access.; Zoned C‑4 Commercial, allowing for diverse business opportunities.; Large 4,300+ SF building on approximately 2.25 acres with 50+ parking spaces.
