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    417 Main St North Little Rock, AR 72114

    For Sale
    $1,310,000

    Historic building, prime location, high ROI potential.

    Property size:
    8,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located in North Little Rock's vibrant Argenta Arts District, presents a unique investment opportunity. The 8,550 square foot building, constructed in 1895 and extensively renovated in 2024, boasts a Class B designation and features a blend of creative office, storefront, and traditional office spaces. Currently housing three tenants with an 81% occupancy rate, the property offers strong cash flow potential. The recent $100,000+ renovation included a new roof, a stunning new rooftop deck, fresh interior and exterior paint on the second floor, new carpeting in the office space, and refinished hardwood floors. The second-floor office space includes a restroom and a small kitchenette. The building sits on a 0.14-acre lot and is a two-story structure. Its prime location offers easy access to numerous amenities, including the Simmons Bank Arena, Dickey Stephens Park, Argenta Community Theater, Argenta Branch Library, Argenta Innovation Center, and the Arkansas River Trail. Ample free public parking is available along Main Street and nearby cross streets, with additional surface parking options within walking distance. This property is ideal for investors seeking a blend of historical charm and modern functionality in a thriving urban setting. The asking price is $1,310,000, and the lease type is modified, with multi-tenancy.

    Property Features for 417 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,550 SF
    Class
    B
    Lot Size
    6,098 SF

    Building Details

    Year Built/Renovated
    1895/2024
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    PHD DAY SPA ... Beauty Salon

    Suggested Use

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

    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
    -92.267724787783
    Latitude
    34.757757638503

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, prime location, high ROI potential.
    Where is this individual retail property located?
    The property is located at 417 Main St North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $1,310,000.
    Request Owner's contact information
    417 Main St North Little Rock, AR 72114
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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
    417 Main St North Little Rock, AR 72114
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