Listing Agency: Hathaway Group Show Phone

Listed By: Stacy Hamilton Show Phone

Source: Exprealty

Added: May 30 Changed: Oct 13 Last Checked: Oct 15 at 3:15AM

Report an Issue

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 Hathaway Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1840, this two-story Greek Revival mansion combines a Colonial Revival interior with substantial historic architectural detail. The 6,514-square-foot property includes 14-foot ceilings, a six-column Ionic portico, a dramatic skylight, front and rear staircases, and three glass-enclosed rooms. A separate carriage house with garage adds to the overall estate configuration, while the building is elevator-ready.

The property encompasses 1.85 acres across 12 city lots in the MacArthur Park Historic District. Its stated use potential includes a boutique hotel, signature event venue, or luxury private estate. Federal and State Historic Tax Credits are available to qualified buyers pursuing rehabilitation.

Key Highlights

• 1840 construction with Greek Revival architecture and Colonial Revival interior design
• 6,514‑square‑foot mansion on 1.85 acres across 12 city lots
• Six‑column Ionic portico, 14‑foot ceilings, and dramatic skylight

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,450

Cap Rate

6.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$789,000 $789.0K

Cap Rate 7%

$563,571 $563.6K

Cap Rate 9%

$438,333 $438.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,514 SF

Gross rent

$97.7K $15.00/SF

− Vacancy

−$14.7K −$2.25/SF

EGI

$83.1K $12.75/SF

− OpEx

−$43.6K −$6.69/SF

NOI

$39.5K $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%

$789,000

Cap Rate 7%

$563,571

Cap Rate 9%

$438,333

Alternative Uses

Best Use

Hotel Hospitality

$563.6K

$493.1K – $657.5K (±1% cap)

NOI $39,450 @ 7.0% cap · market cap 6.07%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,979 @ 7.0% cap · market cap 13.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Wedding venues

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic Butcher Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

733

Businesses Nearby

Explore this area Business Placement

Demographics for 72114, AR

10,957

Population

6,733

Households

1.6

Avg Household Size

38

Median Age

19%

College-Educated

84%

High-School Grad

7.7 sq mi

ZIP Area

1,423

Density / Sq Mi

$28,594

Median Household Income

$27,564

Median Earnings

$781

Median Rent

$87,900

Median Home Value

Similar For Sale Nearby

See more

Historic Wedding Venue and Event Center

2005 N Main St, North Little Rock, AR 72116

$995,000

8,328 SF

View details

52-Unit Hotel Property

5711 Pritchard Dr, North Little Rock, AR 72117

$200,000

24,807 SF

View details

Renovation-Ready Storefront Property

109 E Pershing Blvd, North Little Rock, AR 72114

$645,000

6,930 SF

View details

Flex Space Under Renovation

2323 E Broadway Street, North Little Rock, AR 72114

$572,000

6,720 SF

View details

North Little Rock Flex Warehouse

8226 Macarthur Dr, North Little Rock, AR 72118

$595,000

7,010 SF

View details

10-Unit Apartment Property

4713-4801 Hickory, North Little Rock, AR 72116

$815,000

7,560 SF

View details

Corner Storefront Property

4616 E Broadway St, North Little Rock, AR 72117

$625,000

5,016 SF

View details

Two-Building Day Care Facility

6201 John F Kennedy Blvd, North Little Rock, AR 72116

$589,900

5,112 SF

View details

Retail Space with Display Windows

3422 John F Kennedy Boulevard, North Little Rock, AR 72116

$570,000

5,200 SF

View details

Mixed-Use Property with Apartments

7414 MacArthur Drive, North Little Rock, AR 72118

$650,000

4,392 SF

View details

31-Unit Self-Storage Facility

7900 Highway 70, North Little Rock, AR 72117

$265,000

6,200 SF

View details

Industrial Property with Fenced Yard

232 Glenview Lane, North Little Rock, AR 72117

$1,298,000

8,000 SF

View details

Frequently Asked Questions

What type of property is this?

Wedding venue - Two-story mansion with event, hospitality, and private-estate potential across landscaped grounds.

Where is this wedding venue located?

The property is located at 411 Bishop Lindsey Ave North Little Rock, AR.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 1840 construction with Greek Revival architecture and Colonial Revival interior design; 6,514‑square‑foot mansion on 1.85 acres across 12 city lots; Six‑column Ionic portico, 14‑foot ceilings, and dramatic skylight