Listed by RE/MAX Elite
$450,000
Building and Land
Details
Property Type Mixed Use, Office
Sub Type Convenience Store, Traditional Office
Square Footage 3,000
Units 2
Cap Rate 8.8%
NOI $39,600
Occupancy 100%
Price per SqFt $150
Broker Co-Op Yes
Year Built 1985
Buildings 1
Stories 1
Acreage 0.240
Zoning C-3
Parking Spaces 10 spaces
Parking Per SqFt 3.33
Ground Lease No
High Visibility Commercial Building
Marketing description
Located in one of the strongest retail submarkets in central Little Rock, this well-positioned commercial property offers excellent visibility and high traffic exposure. The building is divided into two units: 1423 S. University Ave, recently leased to a CPA office, and 1425 S. University Ave, currently occupied by an established insurance office since 2021.
With 100% occupancy, this property provides stable income and strong investment potential. Conveniently located just 2 minutes to I-630 and 5 minutes to I-40, offering easy access across the metro. This prime location makes it an ideal opportunity for both investors and owner-users.
Investment highlights
Excellent visibility
High traffic counts
Prime location
Listing Contacts
Listed by RE/MAX Elite
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,600.00
$3,300.00/mo
Valuation Metrics
0
DSCR
8.8%
Cap Rate
8.8%
ROI
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