1924 University Ave Little Rock, AR 72204-3608
- Retail space
- 3,168 SF
- 0.17 lot acres
Current Use by Public Records
- First Class Cellular Repair / Cell Phone Store / Electronics Repair Shop
Property Details for 1924 University Ave
- Year built
- 1969
- Lot size
- 0.17 lot acres
- Property size
- 3,168 SF
- Property type
- Retail space
- APN
- 44L-105-01-032-01
- APU
- 44L1050103201
Description
This exceptional 3,168 square foot free-standing retail building is located at 1924 S University Avenue in Little Rock, Arkansas, within Pulaski County. Built in 1969, this Class B property sits on a 0.17-acre lot and offers a single-tenant occupancy. Currently vacant, the entire building is available for lease. The property enjoys a highly visible location directly across from the University of Arkansas at Little Rock campus, benefiting from the daily traffic of approximately 8,100 students and 1,470 faculty and staff. With a daily traffic count of 34,000 vehicles on University Avenue, this location provides unparalleled exposure. The property's convenient proximity to shopping, dining, and professional services further enhances its appeal. Its accessibility is also a key advantage, being only one mile from Interstate 630. Significant renovations are planned for the University and Colonel Glenn corridor, including the UALR-owned shopping center at the corner, promising future growth and increased foot traffic in the area. This presents a unique opportunity for a business seeking high visibility and a strong location within a vibrant community. The property's zip code is 72204.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $215,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $195,000
- Mixed-Use
- $225,000
- Hospitality
- $200,000
- Educational
- $195,000
- Residential Income
- $210,000
- Energy
- $220,000
- Income-Based Land
- $190,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3421
- Latitude
- 34.7343
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
