2715 Kavanaugh Blvd Little Rock, AR 72205
- Retail space
- 6,640 SF
- 0.18 lot acres
Current Use by Public Records
- Mylo Coffee Co. / Coffee Shop / Bakery
Property Details for 2715 Kavanaugh Blvd
- Year built
- 1935
- Lot size
- 0.18 lot acres
- Property size
- 6,640 SF
- Property type
- Retail space
- APN
- 33L-047-00-216-00
- APU
- 33L0470021600
Description
This exceptional investment opportunity presents a fully occupied, 6,353 square foot retail property situated on Kavanaugh Boulevard in Little Rock's desirable Hillcrest neighborhood. The property, a landmark building constructed in 1899 and extensively renovated in 2017, boasts two distinct units currently operating at 100% occupancy. Each unit features a completely remodeled kitchen, equipped with updated HVAC systems, new plumbing, and a new grease trap, ensuring efficient and modern operations. The single-story building sits on a 0.18-acre lot (APN: 33L-047.00-216.00) and offers convenient front-door parking, a significant advantage in this highly walkable area. This core investment property benefits from its prime location within a stable and thriving market, making it an attractive opportunity for discerning investors. The property's historical charm, combined with its modern upgrades and strong tenant occupancy, presents a rare chance to acquire a prominent retail center in a submarket known for its long-term stability and desirability. A comprehensive offering memorandum is available upon request following the execution of a confidentiality agreement. This is a unique chance to own a piece of Little Rock's rich history while capitalizing on a robust retail market. The property is classified as a Modified Lease, Multi-Tenancy with two units.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $360,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $440,000
- Mixed-Use
- $420,000
- Hospitality
- $385,000
- Educational
- $320,000
- Residential Income
- $395,000
- Energy
- $325,000
- Income-Based Land
- $375,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3239
- Latitude
- 34.7574
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
