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    720 3Rd St Little Rock, AR 72201

    Sponsored
    For Sale
    $895,000

    Prime Location, 18,950 SF Office Space

    Property size:
    18,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This three-story, 18,950 square foot office building is ideally situated in downtown Little Rock, Arkansas, at 720 W 3rd St, zip code 72201. The property, situated on a 0.48-acre lot, offers a blend of traditional and executive office spaces, catering to diverse business needs. The building features a mix of open-plan areas and private offices, complemented by convenient amenities including multiple conference rooms, a dedicated break room, and a welcoming reception area. An elevator ensures easy access to all three floors. Priced at $895,000, this translates to a price per square foot of $47.23. Its central location provides exceptional proximity to key landmarks such as the State Capitol Building, Little Rock City Hall, the Financial Corridor, the River Market District, and the State House Convention Center. Numerous hotels and restaurants are also within easy reach, enhancing the property's appeal and convenience for both tenants and employees. This presents a compelling investment opportunity in a thriving urban core.

    Property Features for 720 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    18,950 SF
    Lot Size
    20,909 SF

    Building Details

    Stories
    3

    HighLights

    • $895,000 asking price for this 18,950 square foot office building.
    • Located in Little Rock, AR, in the downtown area near the State Capitol, City Hall, and River Market District.
    • Features a mix of open and private offices, conference rooms, a break room, and a reception area.
    • Three‑story building with an elevator, situated on a 0.48‑acre lot.
    • Price per square foot is $47.23.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Esoteric Laboratories Medical Laboratory Norman HVAC Repair ... Hvac Contractor Bridge Christian Academy Preschool

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.27865607
    Latitude
    34.74724256

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Location, 18,950 SF Office Space
    Where is this office property / space located?
    The property is located at 720 3Rd St Little Rock, AR.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price for this 18,950 square foot office building.; Located in Little Rock, AR, in the downtown area near the State Capitol, City Hall, and River Market District.; Features a mix of open and private offices, conference rooms, a break room, and a reception area.
    Request Owner's contact information
    720 3Rd 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
    720 3Rd St Little Rock, AR 72201
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