1105 Deer StConway, AR 72032

Property Details for 1105 Deer St

Year built

1954

Lot size

1.56 AC

Property size (Sq ft)

27,672 SF

Property type

Retail properties

Property subtype

Strip malls

APN

710-05617-000C

APU

71005617000C

Description

The Untied Center presents a compelling investment opportunity in the heart of Conway's vibrant downtown. This two-building complex offers a total of 28,840 square feet of versatile office space, encompassing both executive and traditional office layouts, as well as retail space. Currently, one large space of 11,090 square feet is available, ideal for a growing business seeking a prominent location. The property features a two-story design across two buildings, providing ample room for expansion or subdivision. Parking is shared, offering convenience for tenants and their clients. Situated in the Little Rock submarket cluster, the Untied Center benefits from excellent access to local amenities, transportation routes, and a thriving business community. The property's central location within Conway ensures high visibility and easy accessibility for employees and customers alike. This is a rare opportunity to acquire a substantial office complex in a desirable downtown location with the potential for significant return on investment. The flexible space allows for customization to suit a variety of business needs. The combination of executive and traditional office spaces, along with retail potential, makes this property exceptionally versatile and attractive to a wide range of tenants. Don't miss this chance to secure a prime piece of Conway commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $5,782,776

  6.5%

  $5,337,947

  7%

  $4,956,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,988,033

  Geo Method

  $4,988,033

• Alternative Use

  Use

  Valuation

  Residential

  $4,502,758

  Hospitality

  $4,124,502

  Educational

  $3,431,537

  Medical

  $3,549,553

  Retail

  $5,337,947

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0869

Longitude

-92.4383

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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