11705 Kanis Rd 14.43 Acres of Commercial Land Offered at $5,500,000 in Little Rock, AR 72211
INVESTMENT HIGHLIGHTS
- Well located near multiple Major Retailers, including Walmart, Sam’s Club, Lowes, Whole Foods, Best Buy & At Home and others
- Kanis Rd recently improved to 5 lanes in front of the Site with widening of Kanis west of the Bowman Rd intersection and Bowman Rd
- Only site in the area with proximity to the major retailers with commercial zoning potential and large enough for an anchored center
EXECUTIVE SUMMARY
Kanis Rd recently improved from 2 lanes to 5 lanes in front of the Site with widening of Kanis west of the Bowman Rd intersection and Bowman Rd south of the Kanis Rd Intersection under way.
Only site in the area with proximity to the major retailers with commercial zoning and large enough for an anchored shopping center and/or mixed-use lot development.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,500,000 |
| Price Per AC | $381,150.38 |
| Lot Size | 14.43 AC |
An undeveloped 14.43 acre parcel zoned C-3 General Commercial with 666' of frontage on Kanis Rd.
DESCRIPTION
The Property is located in the top office & hotel submarket on the west side of Little Rock with nearby major retailers that include Walmart, Sam’s Club and Lowes. The recent improvement of Kanis Rd east of Bowman Rd to 5 lanes was the key to making this property ready for a multi-lot or shopping center development. Improvements are underway for the widening of a portion of Kanis Rd west of Bowman Rd to 3 lanes with turning lanes and the widening of a portion of Bowman Rd south of Kanis Rd. Prior to the road improvements, most of Kanis Rd. was 2-lane with open ditches on each side. We anticipate that all of these road improvements will cause an increase the traffic count on Kanis Rd at the Property and will elevate the Kanis/Bowman intersection to next prime retail node in the area. Its position in this area of high demand and lack of competitive comparable sites in the area makes this Property prime for a multi-lot or shopping center development with out parcels. Chenal Pkwy and Bowman Rd north of Kanis Rd are both fully developed with only one poorly-positioned site available that would accommodate a QSR, full serve restaurant or medical use and no space available for box or junior box retailers.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $511,744 | Total Assessment | $511,744 |
