212 Center St Little Rock, AR 72201
- Office buildings
- 1,536 SF
Current Use by Public Records
- Mays, Byrd & Associates, P.A. / Personal Injury Attorney
- Hoeyw Doug / Attorney
- Richardson Jennifer L / Attorney
- Davis Law Firm / Attorney
- Wallace, Martin, Duke & Russell, PLLC / General Practice Attorney
Property Details for 212 Center St
- Year built
- 1917
- Property size
- 1,536 SF
- Property type
- Office buildings
- APN
- 34L-030-03-007-00
- APU
- 34L0300300700
Description
This exceptional 3,084-square-foot office condo, located on the entire 11th floor of 212 Center Street in Little Rock, Arkansas, presents a unique investment opportunity. Priced at $350,000, this vacant Class B property offers a sophisticated and efficient layout, including six private offices, two conference rooms, a fully equipped kitchen, and a dedicated copy room. The space boasts expansive city and Arkansas River views. Built in 1917, the building features recently renovated elevators, ensuring convenient access to this desirable 11th-floor location. Furthermore, the 11th floor benefits from its own independent HVAC system, providing optimal climate control. Convenient parking is available adjacent to the building, adding to its appeal. Its central downtown location offers unparalleled access to the Statehouse Convention Center, numerous hotels, and a vibrant selection of restaurants along Main Street and in the River Market district. The property is ready for immediate occupancy, with an occupancy date of October 30, 2024. This full-floor office condo is professionally managed by the building's Homeowners' Association, providing peace of mind for the new owner. This is a rare opportunity to acquire a well-appointed, conveniently located office space in the heart of Little Rock's thriving downtown area. The property is currently vacant.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $260,000
- 6.5%
- $240,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $192,000
Market price range: $111k - $241k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $175,000 Current use
- COMMERCIAL (GENERAL)
- $285,000 Change: +62% Conversion: Easy
- MEDICAL BUILDING
- $250,000 Change: +43% Conversion: Easy
- RETAIL STORES
- $235,000 Change: +33% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $200,000 Change: +14% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $175,000 Change: -0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2734
- Latitude
- 34.7467
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA