217 W 2Nd St Little Rock, AR 72201
- Office buildings
- 12,564 SF
- 0.11 lot acres
Current Use by Public Records
- Buernorkie Klokpah / Foster Care Service / Social Service Agency
- Muscular Health Center / Alternative Medicine Practice / Spa & Massage Center
- KATHERINE LAINE / Physician
- The Vision Project Counseling & Consulting / Counselor / Mental Health Service
- Beautifully Flawed Boutique / Clothing & Fashion Store
Property Details for 217 W 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 Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,014,000
Market price range: $364k - $1.26M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,445,000 Current use
- MEDICAL BUILDING
- $2,065,000 Change: +43% Conversion: Easy
- RETAIL STORES
- $1,920,000 Change: +33% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,640,000 Change: +14% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,440,000 Change: -0% Conversion: Difficult
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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