3rd St & State St, Little Rock, AR 72201
This exceptional 0.54-acre vacant lot presents a unique build-to-suit opportunity in the heart of Little Rock's vibrant downtown area. Situated at the corner of 3rd and State Streets, this commercially zoned land offers unparalleled visibility and accessibility. The property is located in Pulaski County, Arkansas, and boasts a convenient 72201 zip code. With its central location, this lot is ideal for a wide range of commercial developments, providing significant potential for investors and developers. The lot's size allows for substantial construction, catering to various project scales. This is a rare chance to acquire a prime piece of real estate in a thriving urban core. An adjacent building is also available for sale or lease, presenting a synergistic opportunity for expansion or complementary development. The property is classified as commercial land with single tenancy potential. While the total building square footage is currently listed as 4 square feet, this reflects the absence of existing structures, highlighting the blank canvas for new construction. This is a truly exceptional opportunity to establish a significant presence in Little Rock's dynamic downtown. Seize this chance to create a landmark development in a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.