Historic Wedding Venue and Event
For Sale
$995,000
2005 N Main St, North Little Rock, AR 72116
A historic home and equipped event facility accommodate weddings, meetings, and reunions on Main Street.
Property Size8,328 SF
Price / SF$119.48
Days on Market80
Property Features for 2005 N Main St
General Information
Standard status
Active
Size
8,328 SF
Additional Details
Furnished
Yes
Road Access
Yes
Amenities
commercial kitchen
bride's room
sound system
expansive grounds
hardwood flooring
intricate molding
elegant chandeliers
Building Details
Year Built
1901
Buildings
2
Listing Agency:
Re/Max Encore - NLR
Listed By:
Gail Ott · License #EB00043991
(501) 680-2444
Source:
Pcsingtolittlerock
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 7 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Encore - NLR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic wedding venue combines a 2,000-square-foot main home with an adjacent 6,000-square-foot event center built in 2009. The two-story event facility features hardwood floors, detailed molding, chandeliers, a commercial kitchen, tables, chairs, tablecloths, a sound system, and a dedicated bride’s room. The 1901 home offers classic architectural character and may support office or bed-and-breakfast use as described in the property information.
Set on Main Street in North Little Rock, the property includes expansive grounds that provide an outdoor setting for gatherings and photography. The event center’s configuration is suited to weddings, meetings, reunions, and other hosted events, while the adjoining home adds flexible supporting space.
Set on Main Street in North Little Rock, the property includes expansive grounds that provide an outdoor setting for gatherings and photography. The event center’s configuration is suited to weddings, meetings, reunions, and other hosted events, while the adjoining home adds flexible supporting space.
Key Highlights
- 2,000‑square‑foot historic main home built in 1901
- 6,000‑square‑foot event center constructed in 2009
- Two‑story venue with hardwood flooring, intricate molding, and chandeliers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,436
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,720
$1.0M
Cap Rate 7%
$720,514
$720.5K
Cap Rate 9%
$560,400
$560.4K
Market Conditions
NOI Build-Up for 8,328 SF
Gross rent
$124.9K $15.00/SF
− Vacancy
−$18.7K −$2.25/SF
EGI
$106.2K $12.75/SF
− OpEx
−$55.7K −$6.69/SF
NOI
$50.4K $6.06/SF
Area
Pulaski County, AR
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,720
Cap Rate 7%
$720,514
Cap Rate 9%
$560,400
Alternative Uses
Best Use
Hotel Hospitality
$720.5K
$630.5K – $840.6K
NOI $50,436 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Wedding venue - A historic home and equipped event facility accommodate weddings, meetings, and reunions on Main Street.
Where is this wedding venue located?
The property is located at 2005 N Main St 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: 2,000‑square‑foot historic main home built in 1901; 6,000‑square‑foot event center constructed in 2009; Two‑story venue with hardwood flooring, intricate molding, and chandeliers
