Commercial > Office
Active
11/06/2024
List Price
$2,700,000$85/ft²
2020 3rd St
Little Rock, AR 72205
- -Bed
- -Bath
- 31,800ft²Living Area
- 0.9acLot Size
- -Pool
- 4Car
- 1971Year Built
- 34DOM
- -Permit
2020 3rd St, Little Rock, AR 72205 is a 31,800 ft² commercial office property property built in 1971 on a 0.890 acre lot. This commercial office property is currently listed for $2,700,000, and it was last sold in 2022 for $2,700,000.
MLS Description
The listing agent's description. Original Listing
The Executive Building—a remarkable redevelopment opportunity in the heart of Little Rock, Arkansas. Formerly offering six stories of diverse office and retail spaces, this prime property is being strategically reimagined to meet the surging demand for multifamily housing. The shift will transform the existing commercial layout into 28 vibrant residential units, providing an attractive investment for those eager to capitalize on the strength and stability of the multifamily sector. This unique value-add project will enhance the property’s potential, with 28 Units positioned for tasteful renovations to align with the refined lifestyle and convenience today’s renters seek, and 63 self-storage units to maximize your potential income. See the attached Offering Memorandum (Future Rent Numbers, Renovation Budget, Floor Plan) **See Agent Remarks For Showing Instructions** Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.
Listing Agents
The listing agent for 2020 3rd St is Sergio Convers.
SC
Sergio Convers
Capital Real Estate Advisors
Phone: (501) 420-4097
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$24,780.00From latest Total Assessed Value7%Total Assessed Value$354,000=Land+
Assessed Value$71,795Additions
Assessed Value$282,205
In 2023, taxes billed for 2020 3rd St were $24,780, which is 7.00% from latest Total Assessed Value of $354,000.
Property History
2020 3rd St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 2020 3rd St
Hazard Risks
Lead361Tornado190Air Pollution161Ozone159Carb Mono140Particulates110Weather103Nat'l Avg100Earthquake95Hurricane53Hail47Wind42
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 2020 3rd St.
Walkability Index
17 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
2020 3rd St has a walkability score of 17 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
33°F
High
53°F
Summer
Average
Low
69°F
High
91°F
In the winter at 2020 3rd St, temperatures range from 32.72°F to 53.09°F with an average of 42.91°F. In the summer, the temperature ranges from 68.84°F to 90.74°F with and average of 79.79°F.
School Information
Public/private schools serving 2020 3rd St
Public Schools
M.L. King Elementary School
Grades: PK-5
0.63 mi
D
Central High School
Grades: 9-12
0.90 mi
C
Dunbar Magnet Middle School
Grades: 6-8
1.26 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 2020 3rd St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Capitol View, Little Rock, AR 72205.
Seasonal Housing units 72205
8%of housing is for seasonal rent.
Daytime Population for 72205
+76%of people during work hours.
Boundary map of Capitol View.
Crime Index for 72205
116
116
The crime index in 72205 is 116, which is 1.2 times higher than national average.
Market Trends
Historical market data near 2020 3rd St over selected time period.
Nearby Properties on 3rd St
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- 3518 W 3rd St, Little Rock, AR 72205 (Capitol View) is a 1,014 square foot, 1 bathroom, 0.16 acre property. It was built in 1927 and has an estimate of $149,674 with a price per ft² of $148.
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