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21789395
21789420

112 E 13th St, North Little Rock, AR 72114

MP
AR PB00045765
Marshall Peters & Associates
CM
AR SA00086115
Marshall Peters & Associates
Listed by Marshall Peters & Associates
$385,000
477 days on market
Updated 145 days ago
Opportunity zone

13th Street Restaurant/Salon

Details
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building
Square Footage 3,095
Net Rentable (SqFt) 3,095
Units 3
Beds 1
NOI $10,800
Occupancy 50%
Tenancy Single
Pro-Forma Cap Rate 10.6%
Pro-Forma NOI $40,800
Class C
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.220
Investment Type Owner/User

Restaurant/Salon and 1BR apartment

Marketing description

Restaurant building in a surging area of North Little Rock! Across the street from the new Central fire station being constructed. The building is divided into multiple use spaces with a restaurant, salon and a 1BR apartment which a future owner could occupy or convert into another use. Restaurant equipment including hood and fire suppression system to convey. The building sits on four lots and has 17 parking spaces with a storage unit and two covered parking spaces. All three spaces have a seperate entrance and security. There is a patio area for the restaurant that is enclosed with wrought iron fence. Could be great oppotunity for a restaurant owner or just as a rental. There is room for expansion on adjacent lot. Agents see remarks for showing instuctions.

Listing Contacts

MP
AR PB00045765
Marshall Peters & Associates
CM
AR SA00086115
Marshall Peters & Associates
Listed by Marshall Peters & Associates

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$10,800.00
$900.00/mo

Valuation Metrics

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DSCR
2.81%
Cap Rate
2.81%
ROI

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Additional Information

Name
Marshall Peters
License
PB00045765
Brokerage
Marshall Peters & Associates
Brokerage Phone
5014148340
Title
AR
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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