319 2Nd St Little Rock, AR 72201
- Office buildings
- 13,110 SF
- 0.19 lot acres
Current Use by Public Records
- Office buildings
Property Details for 319 2Nd St
- Year built
- 1928
- Lot size
- 0.19 lot acres
- Property size
- 13,110 SF
- Property type
- Office buildings
- APN
- 34L-020-05-072-00
- APU
- 34L0200507200
Description
This exceptional 7-story, 15,000-square-foot apartment building, located at 319 W 2nd St in Little Rock, Arkansas, presents a compelling investment opportunity. Built in 1928 and extensively renovated in 2024, this Class B property boasts 19 units: eight studios, ten one-bedroom apartments, and a luxurious two-bedroom penthouse. The building offers a prime location in the heart of downtown Little Rock's Financial Quarter, benefiting from high visibility at the intersection of W 2nd and Spring Streets, and a dense daytime workforce of over 42,000. Parking is provided with 18 surface spaces and 2 covered spaces, supplemented by over 1,800 additional spaces nearby. The property sits on a 0.19-acre lot and is offered at $4,750,000, representing a price per unit of $250,000 and a price per square foot of $316.67. Recent renovations totaling $6 million ensure a turn-key operation, ideal for immediate rental income generation. The building's strategic location within a vibrant urban environment with high foot traffic and commercial activity makes it an attractive investment for discerning buyers seeking strong returns in a thriving downtown market. This is a rare opportunity to acquire a fully renovated, multifamily property in a highly desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2739
- Latitude
- 34.7473
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
