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    510 Main St Little Rock, AR 72201

    Sponsored
    For Sale
    $2,800,000

    Historic Downtown Retail Redevelopment Opportunity

    Property size:
    62,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 510 Main St in Little Rock, Arkansas (72201), presents a unique redevelopment opportunity. The former MM Cohn Department Store building, boasting 62,688 square feet across five stories, sits on a 0.29-acre lot within Pulaski County's Creative Corridor. The building, constructed in 1941, has undergone complete demolition, with a portion of the first floor already finished. Plans are in place for two ground-level retail spaces and 34 upper-level loft apartments, catering to a diverse range of tenants. Ample parking is provided with 47 spaces. The property is zoned PCD and offers significant potential for investors due to its eligibility for Federal and State Historic Tax Credits, as well as Energy Retrofit rebates and financing. The asking price is $2,800,000, translating to $44.67 per square foot. This represents a compelling investment in a vibrant, revitalizing urban core. The property's APN is 34L0200409700. This is a multi-tenant building with significant upside potential for a savvy developer. The building's prime location and redevelopment potential make it an attractive investment for those seeking a high-return opportunity in a rapidly growing area.

    Property Features for 510 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    62,688 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1941
    Buildings
    1
    Stories
    5

    HighLights

    • 5‑story mixed‑use redevelopment opportunity in the former MM Cohn Department Store building.
    • Located in Little Rock's Creative Corridor, ideal for ground‑level retail/restaurant and upper‑level loft apartments.
    • Renovation plans include two ground‑level retail spaces and 34 loft apartments.
    • 47 parking spaces.
    • Building demolition complete; partial first‑floor build‑out finished.
    • Eligible for Federal & State Historic Tax Credits, Energy Retrofit rebates, and financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Main Street Lofts Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2715358
    Latitude
    34.7437819

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    FAQs

    What type of property is this?
    Retail property - Historic Downtown Retail Redevelopment Opportunity
    Where is this retail property located?
    The property is located at 510 Main St Little Rock, AR.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 5-story mixed-use redevelopment opportunity in the former MM Cohn Department Store building.; Located in Little Rock's Creative Corridor, ideal for ground-level retail/restaurant and upper-level loft apartments.; Renovation plans include two ground-level retail spaces and 34 loft apartments.
    (501) 376-6555
    Request Owner's contact information
    510 Main St Little Rock, AR 72201
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    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
    510 Main St Little Rock, AR 72201
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