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    503 Olive St North Little Rock, AR 72114

    Sponsored
    For Sale
    $1,600,000

    Prime 0.91-acre lot, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.91-acre commercial land parcel, located at 503 N Olive St in North Little Rock, Arkansas, presents a compelling investment opportunity. Zoned C-6, this flat lot offers significant redevelopment potential for a variety of uses. Its strategic location in Pulaski County, zip code 72114, provides easy access to key transportation routes and amenities. The property's flat topography simplifies construction and planning, making it an attractive option for developers. Furthermore, its designation as an opportunity zone unlocks potential tax incentives and economic development benefits for investors. This prime location and the inherent advantages of an opportunity zone make this land a highly desirable asset for those seeking a lucrative redevelopment project. The asking price is $1,600,000. Serious inquiries are encouraged.

    Property Features for 503 Olive St

    General Information

    Property type
    Land
    Lot Size
    39,640 SF

    HighLights

    • 0.91‑acre commercial lot at 503 N Olive St, North Little Rock, AR (72114), priced at $1,600,000.
    • Flat topography simplifies development.
    • Located in an Opportunity Zone, offering potential tax incentives.
    • C‑6 zoning allows for diverse redevelopment options (commercial, residential, or mixed‑use).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2644094
    Latitude
    34.7582679

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    FAQs

    What type of property is this?
    Land - Prime 0.91-acre lot, redevelopment potential.
    Where is this land located?
    The property is located at 503 Olive St North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 0.91-acre commercial lot at 503 N Olive St, North Little Rock, AR (72114), priced at $1,600,000.; Flat topography simplifies development.; Located in an Opportunity Zone, offering potential tax incentives.
    Request Owner's contact information
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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
    503 Olive St North Little Rock, AR 72114
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