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    2715 Kavanaugh Blvd Little Rock, AR 72205

    Sponsored
    For Sale
    $1,800,000

    Historic Hillcrest restaurant & storefront, 100% occupied.

    Property size:
    6,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, 6,353 square foot retail property situated on Kavanaugh Boulevard in Little Rock's desirable Hillcrest neighborhood. The property, a landmark building constructed in 1899 and extensively renovated in 2017, boasts two distinct units currently operating at 100% occupancy. Each unit features a completely remodeled kitchen, equipped with updated HVAC systems, new plumbing, and a new grease trap, ensuring efficient and modern operations. The single-story building sits on a 0.18-acre lot (APN: 33L-047.00-216.00) and offers convenient front-door parking, a significant advantage in this highly walkable area. This core investment property benefits from its prime location within a stable and thriving market, making it an attractive opportunity for discerning investors. The property's historical charm, combined with its modern upgrades and strong tenant occupancy, presents a rare chance to acquire a prominent retail center in a submarket known for its long-term stability and desirability. A comprehensive offering memorandum is available upon request following the execution of a confidentiality agreement. This is a unique chance to own a piece of Little Rock's rich history while capitalizing on a robust retail market. The property is classified as a Modified Lease, Multi-Tenancy with two units.

    Property Features for 2715 Kavanaugh Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,353 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built/Renovated
    1899/2017
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Ample front‑door parking caters to retail tenants in a highly walkable submarket.
    • Both tenant kitchens boast recent renovations including HVAC, grease trap, electrical, and plumbing upgrades.
    • Rare opportunity to acquire a high‑profile property in a highly sought‑after market.
    • Prominent retail center situated in the desirable Hillcrest submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mylo Coffee Co. Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.32384680255
    Latitude
    34.757500389244

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    FAQs

    What type of property is this?
    Individual retail property - Historic Hillcrest restaurant & storefront, 100% occupied.
    Where is this individual retail property located?
    The property is located at 2715 Kavanaugh Blvd Little Rock, AR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Ample front-door parking caters to retail tenants in a highly walkable submarket.; Both tenant kitchens boast recent renovations including HVAC, grease trap, electrical, and plumbing upgrades.; Rare opportunity to acquire a high-profile property in a highly sought-after market.
    Request Owner's contact information
    2715 Kavanaugh Blvd Little Rock, AR 72205
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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
    2715 Kavanaugh Blvd Little Rock, AR 72205
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