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    217 2Nd St Little Rock, AR 72201

    Sponsored
    For Sale
    $395,000

    Historic Downtown Office, 3,856 SF

    Property size:
    3,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,856-square-foot office building, located at 217 W 2nd St in Little Rock, Arkansas's Central Business District, presents a unique investment opportunity. The property, situated on the entire first floor of the beautifully restored Gans Building, offers a blend of historic charm and modern functionality. Currently housing three tenants with an 88% occupancy rate, the building features a gross lease structure. The owner occupies 1,458 square feet and will vacate upon sale or leaseback, providing significant expansion potential for the new owner. Built in 1902, this Class B building boasts one story and provides 24-hour access secured by a key-fob system. Its prime location offers easy access to county courthouses, hotels, restaurants, and the River Market District, and is a short 10-minute drive from Bill & Hillary Clinton National Airport. The asking price is $395,000, translating to $102.44 per square foot. Detailed financial information is available upon request. This is a multi-tenant property with a traditional office, creative office, and executive office space. The property is owned by TGB Properties, LLC.

    Property Features for 217 2Nd St

    General Information

    Property type
    Office space
    Square Feet
    3,856 SF
    Class
    B

    Building Details

    Year Built
    1902
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $395,000 asking price for the entire first floor of the Gans Building.
    • 3,856 square feet of professional office space in a beautifully restored historic building in downtown Little Rock.
    • Financial details available upon request.
    • Owner‑occupied 1,458 square feet; space will be vacant upon sale or leaseback.
    • Convenient downtown Little Rock location near courthouses, hotels, restaurants, and the River Market District, with easy access to the airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Buernorkie Klokpah Social Worker Muscular Health Center Massage Therapist KATHERINE LAINE Health Consultant The Vision Project Counseling ... Counselor Beautifully Flawed Boutique Women'S Clothing Store

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.27237394
    Latitude
    34.74737682

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    FAQs

    What type of property is this?
    Office space - Historic Downtown Office, 3,856 SF
    Where is this office space located?
    The property is located at 217 2Nd St Little Rock, AR.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: $395,000 asking price for the entire first floor of the Gans Building.; 3,856 square feet of professional office space in a beautifully restored historic building in downtown Little Rock.; Financial details available upon request.
    Request Owner's contact information
    217 2Nd St Little Rock, AR 72201
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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
    217 2Nd St Little Rock, AR 72201
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