1090 Spencer StConway, AR 72032

Property Details for 1090 Spencer St

Lot size

0.05 AC

Property type

Commercial land

APN

710-02877-000

APU

71002877000

Description

This exceptional Class A office building, located at 1090 Spencer Street in Conway, Arkansas, presents a unique investment opportunity. Built in 1990 and extensively renovated in 2022, the property boasts 6,644 square feet of versatile space spread across two stories within a single building. The 4,700 square foot lot is zoned CMU, allowing for flexibility in future use. Currently housing six tenants with 65% occupancy, the building features twenty individual units suitable for single or multi-tenant occupancy. The interior layout includes abundant private and shared office spaces, two conference rooms (one with a kitchen), a large upstairs kitchen, and a dedicated presentation area capable of accommodating up to forty people. The modern industrial design, highlighted by an open atrium, creates a welcoming and productive work environment. Its prime downtown Conway location offers easy access to a variety of amenities, including restaurants, coffee shops, and retail establishments, complemented by ample nearby parking. The building's net-net lease structure provides a streamlined approach to ownership. This property represents a compelling opportunity to acquire a high-quality, well-maintained office building in a thriving Arkansas market. The asking price is $1,685,000.

• Alternative Use

  Use

  Valuation

  Residential

  $295,873

  Hospitality

  $271,018

  Educational

  $225,484

  Medical

  $233,239

  Retail

  $350,753

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0926

Longitude

-92.4412

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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