Drive-Through Convenience
For Sale
$1,000,000
4700 S University Ave, Little Rock, AR 72204
Renovated operating retail property with flexible C-4 commercial zoning and room for multiple complementary uses.
Property Size4,331 SF
Price / SF$230.89
Days on Market247
Property Features for 4700 S University Ave
General Information
Standard status
Active
Size
4,331 SF
Taxes and HOA fees
Annual Taxes
$4,753
Listing Agency:
CENTURY 21 H.S.V. Realty
(501) 922-2021
Listed By:
Monita Collins
(501) 922-8493
Source:
Exprealty
Added: Feb 9
Changed: Oct 4
Last Checked: Oct 13 at 12:34AM
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 CENTURY 21 H.S.V. Realty
Investment Insights
Based on property information with market context.
The property is an operating liquor store within a 4,331-square-foot building on approximately 2.25 acres. The renovated interior includes a private office, coffee room, substantial storage, a drive-through window, and a walk-in cooler positioned behind the display coolers to support loading and inventory handling.
Located at 4700 S University Ave in Little Rock, the site sits just off an I-30 exit and benefits from access to S. University Ave. The fully paved parcel provides 50+ parking spaces and accommodates multiple food vendors. C-4 Commercial zoning supports the existing retail operation and allows additional uses such as office, restaurant, and entertainment space.
Located at 4700 S University Ave in Little Rock, the site sits just off an I-30 exit and benefits from access to S. University Ave. The fully paved parcel provides 50+ parking spaces and accommodates multiple food vendors. C-4 Commercial zoning supports the existing retail operation and allows additional uses such as office, restaurant, and entertainment space.
Key Highlights
- 4,331‑square‑foot building on approximately 2.25 acres
- C‑4 Commercial zoning allows office, restaurant, and entertainment uses
- Fully paved site with 50+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,029
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,580
$1.0M
Cap Rate 7%
$743,271
$743.3K
Cap Rate 9%
$578,100
$578.1K
Market Conditions
NOI Build-Up for 4,331 SF
Gross rent
$73.8K $17.04/SF
− Vacancy
−$4.4K −$1.02/SF
EGI
$69.4K $16.02/SF
− OpEx
−$17.3K −$4.00/SF
NOI
$52.0K $12.01/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,580
Cap Rate 7%
$743,271
Cap Rate 9%
$578,100
Alternative Uses
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Mr. Chen’s Oriental Supermarket — 3901 S University Ave, Little Rock, AR 72204
- Value Foods — 6800 Colonel Glenn Rd, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Renovated operating retail property with flexible C-4 commercial zoning and room for multiple complementary uses.
Where is this grocery and convenience store located?
The property is located at 4700 S University Ave 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: 4,331‑square‑foot building on approximately 2.25 acres; C‑4 Commercial zoning allows office, restaurant, and entertainment uses; Fully paved site with 50+ parking spaces
