217 2Nd St Little Rock, AR 72201
- Office buildings
- 12,564 SF
- 0.11 lot acres
Current Use by Public Records
- Buernorkie Klokpah / Social Worker
- Muscular Health Center / Massage Therapist
- KATHERINE LAINE / Health Consultant
- The Vision Project Counseling & Consulting / Counselor / Mental Health Service
- Beautifully Flawed Boutique / Women'S Clothing Store
Property Details for 217 2Nd St
- Year built
- 1903
- Lot size
- 0.11 lot acres
- Property size
- 12,564 SF
- Property type
- Office buildings
- APN
- 34L-020-31-000-00
- APU
- 34L0203100000
Description
This exceptional 3,856-square-foot office building, located at 217 W 2nd St in Little Rock, Arkansas's Central Business District, presents a unique investment opportunity. The property, situated on the entire first floor of the beautifully restored Gans Building, offers a blend of historic charm and modern functionality. Currently housing three tenants with an 88% occupancy rate, the building features a gross lease structure. The owner occupies 1,458 square feet and will vacate upon sale or leaseback, providing significant expansion potential for the new owner. Built in 1902, this Class B building boasts one story and provides 24-hour access secured by a key-fob system. Its prime location offers easy access to county courthouses, hotels, restaurants, and the River Market District, and is a short 10-minute drive from Bill & Hillary Clinton National Airport. The asking price is $395,000, translating to $102.44 per square foot. Detailed financial information is available upon request. This is a multi-tenant property with a traditional office, creative office, and executive office space. The property is owned by TGB Properties, LLC.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2725
- Latitude
- 34.7471
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA