Retirement Sale of Law firm offices

Highlights:

• --Currently multi-tenant and owned by the the law firm which is the anchor tenant. Law firm partners are retiring. The 4 smaller tenants are paying below market rent and can be retained if new owners want to negotiate with them. It is estimated that Fair Market Rent for the 6480+/- Sq.Ft. of leasable space is $13 NNN making the total potential Rent $84,240.
• - Built in 1950, renovated in 1998
• - Versatile UU zoning
• - Prime location in Little Rock area...hard corner location at Cross Streets of Chester and W.2nd, and two blocks from Cantrell Road
• --Easily converted back to high demand Efficiency apartments or ideal for single owner/user

Description:

Introducing 920 W 2nd St, a prime investment opportunity for the discerning Office / Office Building investor. This 6,480 SF historical gem, elegantly built in 1950 as 8 efficiency apartments and tastefully renovated into office space in 1998, embodies timeless charm and modern functionality. With a coveted UU zoning, this property offers unparalleled flexibility for a range of business uses. Nestled in the heart of the vibrant Little Rock area, this meticulously maintained building presents an enticing prospect for those seeking to venture into commercial real estate or expand their investment portfolio. Co-Broker is Randy Sumbles, The Sumbles Team, Keller Williams Realty 501-960-4111

Nestled in the heart of Little Rock, an epicenter of business, culture, and opportunity, the location presents an enviable blend of modern amenities and historic charm. Within easy reach, a vibrant array of dining, retail, and entertainment options await, offering a perfect balance of work and leisure. The nearby River Market District provides a dynamic atmosphere for networking and client entertaining, while the thriving commercial landscape offers ample networking and collaboration opportunities. With a rich tapestry of local businesses, cultural attractions, and green spaces, the area exudes a palpable energy that resonates with the ambition and vision of the modern investor or Owner/User.

All on site.

1. Hard corner of Chester and W. 2nd Streets, 2. 14,800 sq.ft. of level land, 3. Zoned UU, a broad Urban use designation, 4. West 2nd St is a one-way west bound two lane street and Chester is 4-lane connector street, 5. All utilities are on the site, 6. highest and best use of site is professional office or conversion back to efficiency apartments.

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