1203-1205 S University Ave | Little Rock, AR 72204
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1203-1205 S University Ave
Little Rock, AR 72204
1203/1205 University Drive · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- There are over 40,000 vehicles passing by daily which creates high opportunity for business.
- This is an opportune zone for businesses due to the prime location near a major intersection.
- This property is located in a newly developed area which is ideal for business.
- At this location most of the tenants are on 10-year lease terms which is ideal for owners.
- There is additional square footage which can be renovated in order to create more income.
- The property also includes a large amount of additional storage space.
PROPERTY FACTS
Property Type
Building Size
37,812 SF
Building Class
B
Year Built
1986
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
1.02 AC
Zoning
OZ - Opportunity Zone
Parking
60 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 1203-1205 S UNIVERSITY AVE , LITTLE ROCK, AR 72204
This is a retail building built in 1986. The upstairs consists of 18,670 SF where only 1248 SF is not rented. The downstairs has 8090 SF, one unit with 5390 SF is empty. There is also 11,548 SF which could be finished out to have more rentable space. Tenants have been for over 10 years so this is a stable property. Current owner has a business here and wants to stay. There is extra space that can be rented out as storage or finished out for more retail.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $218,393 | |
| Land Assessment | $274,327 | Total Assessment | $492,720 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$274,327
Improvements Assessment
$218,393
Total Assessment
$492,720
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