The Executive Building | 2020 W 3rd St
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The Executive Building 2020 W 3rd St
31,800 SF 70% Leased Office Building Little Rock, AR 72205 $2,700,000 ($85/SF)
Investment Highlights
- 40 Commercial Spaces from 200SF to 4000SF Ready to Redeveloped
- Mail Room/Break Room
- Convenient access to major highways and public transportation
- 60+ Parking spaces
- 2 Elevators
Executive Summary
The Executive Building—a remarkable redevelopment opportunity in the heart of Little Rock, Arkansas. Formerly offering six stories of diverse office and retail spaces, this prime property is being strategically reimagined to meet the surging demand for multifamily housing. The shift will transform the existing commercial layout into vibrant residential units, providing an attractive investment for those eager to capitalize on the strength and stability of the multifamily sector. This unique value-add project will enhance the property’s potential, with 28 Units positioned for tasteful renovations to align with the refined lifestyle and convenience today’s renters seek, and 63 self-storage units to maximize your potential income.
See the attached Offering Memorandum (Future Rent Numbers, Renovation Budget, Floor Plan)
Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.
See the attached Offering Memorandum (Future Rent Numbers, Renovation Budget, Floor Plan)
Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
31,800 SF
Building Class
B
Year Built
1971
Price
$2,700,000
Price Per SF
$85
Percent Leased
70%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
4,000 SF
Slab To Slab
10’
Building FAR
0.89
Lot Size
0.82 AC
Zoning
C3
Parking
60 Spaces (1.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Central Heating
- Direct Elevator Exposure
- Drop Ceiling
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 34L-038-00-055-00 | Improvements Assessment | $282,205 (2023) |
| Land Assessment | $71,795 (2023) | Total Assessment | $354,000 (2023) |
PROPERTY TAXES
Parcel Number
34L-038-00-055-00
Land Assessment
$71,795 (2023)
Improvements Assessment
$282,205 (2023)
Total Assessment
$354,000 (2023)
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The Executive Building | 2020 W 3rd St
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