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    3rd St & State St Little Rock, AR 72201

    For Lease
    Contact for pricing

    Prime 0.54-acre commercial lot

    Lot size:
    4 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.54-acre vacant lot presents a unique build-to-suit opportunity in the heart of Little Rock's vibrant downtown area. Situated at the corner of 3rd and State Streets, this commercially zoned land offers unparalleled visibility and accessibility. The property is located in Pulaski County, Arkansas, and boasts a convenient 72201 zip code. With its central location, this lot is ideal for a wide range of commercial developments, providing significant potential for investors and developers. The lot's size allows for substantial construction, catering to various project scales. This is a rare chance to acquire a prime piece of real estate in a thriving urban core. An adjacent building is also available for sale or lease, presenting a synergistic opportunity for expansion or complementary development. The property is classified as commercial land with single tenancy potential. While the total building square footage is currently listed as 4 square feet, this reflects the absence of existing structures, highlighting the blank canvas for new construction. This is a truly exceptional opportunity to establish a significant presence in Little Rock's dynamic downtown. Seize this chance to create a landmark development in a high-demand location.

    Property Features for 3rd St & State St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    0 SF

    HighLights

    • Downtown Little Rock build‑to‑suit opportunity.
    • Prime location near the State Capitol, City Hall, financial district, River Market, and State House Convention Center, with abundant nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.279244
    Latitude
    34.747264

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    FAQs

    What type of property is this?
    Land - Prime 0.54-acre commercial lot
    Where is this land located?
    The property is located at 3rd St & State St Little Rock, AR.
    What are key features of this property?
    This property features: Downtown Little Rock build-to-suit opportunity.; Prime location near the State Capitol, City Hall, financial district, River Market, and State House Convention Center, with abundant nearby amenities.;
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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
    3rd St & State St Little Rock, AR 72201
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