Current Use by Public Records
- Lesa Lackey Doan, LCSW / Counselor / Social Worker
- Clinical Study Center LLC / Medical Clinic
- Elite Performance Meals / Restaurant
- Argenta Counseling and Wellness (Little Rock) / Counselor
- Dr. Robert B. Kennedy, MD / Pediatrician / Physician
Property Details for 11215 Hermitage Rd
- Year built
- 1981
- Lot size
- 1.98 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This Little Rock, AR office building offers 22,300 square feet across two stories, situated on a 1.98-acre lot at a signalized intersection with excellent visibility from Chenal Parkway. The Class B building, constructed in 1981, features 10 units with seven tenants currently occupying 70% of the space. The property includes multiple building entrances, common and private bathrooms, and ample parking (5.5 spaces per 1,000 sq ft). Zoned O3, it offers flexible leasing options with suite sizes ranging from approximately 756 to a potential combined 6,372 square feet. The asking price is $2,850,000, translating to $145.74 per square foot. The land value alone is $127.80 per square foot. Convenient access to I-430 and I-630 provides easy commuting for tenants and employees. This is a fee-simple ownership opportunity with a gross lease type and is currently owner-occupied, presenting a strong value-add investment potential. The property's multi-tenant occupancy and strategic location make it an attractive investment for both owner-occupiers and investors seeking a strong return.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3978
- Latitude
- 34.746
