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1200 W 3rd St

59,987 SF Vacant Office Building Little Rock, AR 72201 $2,350,000 ($39/SF)

Investment Highlights

  • Zoning: CAPA2
  • 159 parking spaces

Executive Summary

Downtown Little Rock office available for sale or lease with abundant parking.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
59,987 SF
Building Class
C
Year Built
1980
Price
$2,350,000
Price Per SF
$39
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,996 SF
Slab To Slab
10’
Building FAR
1.89
Lot Size
0.73 AC
Zoning
CAPA2
Parking
159 Spaces (2.65 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Public Administration
  • 59,778 SF
  • $14.62
  • Full Service Gross
  • Jun 2013

Created on March 7, 1917 by the Arkansas General Assembly with the passage of Act 190, the Arkansas Insurance Department succeeded the state “Insurance Bureau” which was established in the office of the Auditor of State in 1873. The head of the Insurance Department shall be an Insurance Commissioner appointed by the Governor with the advice and consent of the Senate. The Insurance Commissioner shall enforce the provisions of the Arkansas Insurance Code and shall execute the duties imposed upon him or her by the Arkansas Insurance Code. Pursuant to Ark. Code Ann. § 23-61-101(c), the purpose of the department is to serve and protect the public interest by the equitable enforcement of the state's laws and regulations affecting the insurance industry. The primary mission of the department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Public Administration 59,778 SF $14.62 Full Service Gross Jun 2013

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 19,973 SF
  • Office
  • Full Build-Out
  • Now

Multiple private offices.

  • 2nd Floor
  • 20,007 SF
  • Office
  • Full Build-Out
  • Now

Multiple private offices.

  • 3rd Floor
  • 20,007 SF
  • Office
  • Full Build-Out
  • Now

Multiple private offices.

Space Size Space Use Condition Available
1st Floor 19,973 SF Office Full Build-Out Now
2nd Floor 20,007 SF Office Full Build-Out Now
3rd Floor 20,007 SF Office Full Build-Out Now

1st Floor

Size
19,973 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
20,007 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
20,007 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 19,973 SF
Space Use Office
Condition Full Build-Out
Available Now

Multiple private offices.

2nd Floor

Size 20,007 SF
Space Use Office
Condition Full Build-Out
Available Now

Multiple private offices.

3rd Floor

Size 20,007 SF
Space Use Office
Condition Full Build-Out
Available Now

Multiple private offices.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34L-020-16-005-00
Land Assessment
$63,600
Improvements Assessment
$650,300
Total Assessment
$713,900
  • Listing ID: 21519910

  • Date on Market: 11/16/2020

  • Last Updated:

  • Address: 1200 W 3rd St, Little Rock, AR 72201

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