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1425 S University Ave 3,000 SF 60% Leased Office Building Little Rock, AR 72204 $545,000 ($181.67/SF)
EXECUTIVE SUMMARY
Own a commercial building located in one of the strongest retail submarkets in central Little Rock. The property is divided into two units: 1423 S. University Ave, formerly used as a recording studio, and 1425 S. University Ave, currently serving as an insurance office. Excellent visibility, high traffic counts, and a prime location make this an ideal investment or owner-user opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,000 SF
Building Class
B
Year Built
1985
Price
$545,000
Price Per SF
$181.67
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.41
Lot Size
0.17 AC
Opportunity Zone
Yes
Parking
6 Spaces (2 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 34L-127-00-021-00 | Improvements Assessment | $33,207 |
| Land Assessment | $16,453 | Total Assessment | $49,660 |
PROPERTY TAXES
Parcel Number
34L-127-00-021-00
Land Assessment
$16,453
Improvements Assessment
$33,207
Total Assessment
$49,660
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1425 S University Ave
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