Property profile

221 2nd St Little Rock, AR 72201

OFF-MARKET
High-rise multifamily apartments
Property ID
US05-0739744
2,040 SF Built 1907
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 221 W 2nd Street in Little Rock, Arkansas, a vibrant location in the heart of the Central Business District. The property, built in 1907, is a single, ten-story building totaling 81,102 square feet. Currently, one restaurant space is available, measuring 2,190 square feet, perfect for a variety of culinary concepts. The building features convenient elevator access. Its strategic position at the intersection of 2nd and Center Streets offers unparalleled visibility and accessibility. Across the street from the Stephens Building, this property benefits from high foot traffic and proximity to key attractions. The location is ideal, being near county courthouses, numerous hotels, other restaurants, and the bustling River Market District, ensuring a strong customer base. This is a rare chance to establish a business in a highly sought-after area of Pulaski County, Arkansas, with a zip code of 72201. The property's historical charm combined with its modern conveniences makes it an exceptional investment opportunity. The single-building property offers a unique opportunity for a restaurant to thrive in a high-traffic, central location.

Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1907
Total area 2,040 SF
APN 34L-020-51-111-10
UPID US05-0739744

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Advertising Agency Marketing & Advertising
  • (Bike/Boat/Book/etc) Store Photography Service
  • Law Firm
  • Law Firm

Location

221 2nd St Little Rock, AR 72201-2505
Little Rock metro Census 4400 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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