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    16901 Chenal Pkwy Little Rock, AR 72212

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    For Sale
    Contact for pricing

    ±1.53 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.53-acre commercial land parcel presents a rare opportunity in Little Rock, Arkansas. Situated at 16901 Chenal Parkway, this lot boasts prime frontage on Kanis Road, a major thoroughfare with over 36,000 vehicles passing daily, ensuring exceptional visibility for any development. The property's location directly in front of the Costco, which opened in July 2021, places it within a thriving retail corridor. This highly desirable area is characterized by a densely populated community with high average household incomes, providing a strong consumer base. The surrounding area offers numerous amenities, including The Centre at Chenal and The Promenade at Chenal shopping centers, along with a variety of popular restaurants, retailers, and hotels. This is the only remaining lot available, making it a truly unique investment opportunity in a prime location within Pulaski County, zip code 72212. The property's strategic placement and the surrounding infrastructure create an ideal setting for a wide range of commercial ventures. Don't miss this chance to secure a prominent position in one of Little Rock's most sought-after commercial areas.

    Property Features for 16901 Chenal Pkwy

    General Information

    Property type
    Land
    Lot Size
    66,647 SF

    HighLights

    • Last remaining lot available.
    • High‑traffic location with excellent visibility on Kanis Rd (36,000+ VPD).
    • Prime Chenal retail corridor location directly in front of Costco (opened July 2021).
    • Affluent, densely populated area with high average household income.
    • Close proximity to The Centre at Chenal, The Promenade at Chenal, and numerous restaurants, retailers, and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Eye Emergencies Eye Care Costco Tire Center Tire Shop T-Mobile Cell Phone Store Costco Bakery Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4518673
    Latitude
    34.75751

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    FAQs

    What type of property is this?
    Land - ±1.53 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 16901 Chenal Pkwy Little Rock, AR.
    What are key features of this property?
    This property features: Last remaining lot available.; High-traffic location with excellent visibility on Kanis Rd (36,000+ VPD).; Prime Chenal retail corridor location directly in front of Costco (opened July 2021).
    Request Owner's contact information
    16901 Chenal Pkwy Little Rock, AR 72212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16901 Chenal Pkwy Little Rock, AR 72212
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