Mixed Use Development Site

Special Purpose for Sale
Catylist Listing ID: 30478713
Property Subtypes: Assembly/Meeting Place, Courthouse, Health Care/Medical, School/University, Senior Housing, Other
Building Size (RSF): 473,124 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $5,000,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present for sale a mixed use development opportunity in downtown Little Rock, Arkansas. The former VA hospital at 300 E Roosevelt encompasses approximately 500,000 square feet in a freestanding 11-story building. Approximately 10% of the building has undergone extensive renovation and showcases impressive class A finishes. The remainder of the property is a basic shell with debris removed and ready for renovation. Currently office space is being leased providing existing rental income. Conveniently located just off I-30 at the Little Rock Airport the site is positioned on 10 acres and provides ample private parking, a helicopter landing pad and gatekeepers home. This is a unique property with unlimited potential for redevelopment in a prime growth market. Ideal mixed use options including but not limited to healthcare, education, office, innovation hub, community development and multi-family housing. Co-listed with Jeff Bell, Crye-Leike Commercial Little Rock. 501-975-0000 Call today for a tour.

Additional Details

Nearest MSA: Little Rock-North Little Rock-Conway
County: Pulaski
Tax ID/APN: 34L2120001800
Zoning: PCD
Airports: Little Rock Airport
Number of Stories: 11
Property Condition: Poor
Year Built: 1940
Roof Type: Gambrel
Construction/Siding: Brick, Concrete
Parking Type: Surface
Parking Description: Approximately 450 spaces
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,593 40,150 125,807
Median Age: 41.84 36.89 35.21
Households: 4,292 17,679 53,328
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