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    FOR LEASE
    High-rise multifamily apartments

    323 Center St, Little Rock, AR 72201

    193,906 SF 0.49 ac lot Built 1960
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US05-0458099
    Property summary
    AI-generated overview

    This eighteen-story office tower, located at 323 Center Street in Little Rock, Arkansas, offers 27,785 square feet of vacant, immediately available space. The building is currently configured for multiple tenants, with a minimum divisible space of 708 square feet and a maximum contiguous space of 9,305 square feet. Its prime downtown location places it one block from Main Street and the AC Marriott Hotel, offering easy access to the Technology Park, River Market, hotels, the convention center, and numerous restaurants and offices along Capital Avenue and Main Street. The building is also within walking distance of the courthouse and federal building. The recently renovated lobby, known as the Gallery, features retail space available for lease and showcases a unique sculpture, "The Quest," loaned to the building in 2019. Modern amenities include a parking deck adjacent to the building and a visually striking video screen display in the hallway connecting to the garage. The building currently houses a diverse range of tenants, including the Attorney General's offices, and other legal, professional, and medical offices. This property presents a unique opportunity for businesses seeking a prestigious and conveniently located office space in the heart of Little Rock. The building is classified as Executive Office and Medical Office space. The property is in Pulaski County, Arkansas, zip code 72201.

    Property profile
    Verified
    Property type High-rise multifamily apartments
    Use group HIGH-RISE APARTMENTS
    Year built 1960
    Total area 193,906 SF
    Lot 0.49 ac (21,344 SF)
    APN 34L-020-05-016-00
    UPID US05-0458099
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • A Better You Therapeutic Solutions, PLLC Crisis Center Medical Clinic
    • Lucindas Massage Therapy Practice Alternative Medicine Practice Spa & Massage Center
    • Arkansas District Export Council Charitable Organization Social Service Agency
    • Law Office Of Danyelle Walker Pllc Law Firm
    • Ronald L Davis & Associates PLLC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.44M
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    CATLETT TOWER PARTNERSHIP
    CATLETT TOWER PARTNERSHIP
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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