718 Magnolia St, North Little Rock, AR 72114
This exceptional 0.41-acre commercial and residential land parcel is situated in the vibrant Argenta Arts District of North Little Rock, Arkansas. Located at 718 N Magnolia St, zip code 72114, this property boasts a C-6 zoning designation, offering versatile development opportunities. Its prime location places it within walking distance of numerous amenities, including the Simmons Bank Arena, Dickey Stephens Park, Argenta Community Theater, Argenta Branch Library, and the Argenta Innovation Center. The Arkansas River Trail is also easily accessible. The property's proximity to Interstate 30 via Bishop Lindsey Drive ensures convenient access to major transportation routes. Surrounding the property are several residential developments currently underway, including two luxury homes completed in 2024, indicating a strong and growing neighborhood. The area is experiencing significant growth, with new developments such as a high-end hotel featuring condo, restaurant, and office space planned. This presents a unique investment opportunity in a thriving, walkable, eclectic neighborhood with a rich blend of restaurants, retail shops, art, theaters, and outdoor venues. The property's size and zoning make it suitable for a variety of commercial and residential projects, capitalizing on the area's increasing popularity and demand.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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