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701 W 7th St 41,000 SF Vacant Office Building Little Rock, AR 72201 $2,255,000 ($55/SF)
INVESTMENT HIGHLIGHTS
- Offers direct access to Highway 70
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY (ONLY $55/SF) WITH POTENTIAL OWNER LEASE BACK! The current owner is willing to sign a 3 year lease at closing to give new owner income and/or flexibility. Property has been renovated since 2018. LIST PRICE IS $800K LESS THAN A 2022 APPRAISAL. Brand new roof in July 2021.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
41,000 SF
Building Class
B
Year Built
1955
Price
$2,255,000
Price Per SF
$55
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,500 SF
Building FAR
1.00
Lot Size
0.94 AC
Zoning
commercial - commercial
Parking
5 Spaces (0.12 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 34L-020-09-088-01 | Improvements Assessment | $305,001 |
| Land Assessment | $36,999 | Total Assessment | $342,000 |
PROPERTY TAXES
Parcel Number
34L-020-09-088-01
Land Assessment
$36,999
Improvements Assessment
$305,001
Total Assessment
$342,000
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701 W 7th St
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