Awesome Lot in Opportunity Zone

2516 West 18th Street Little Rock, AR 72202

FOR SALE
Property Type:
Residential Land Development
Amount:
$23,500
Last Verified:
Nov 04, 2020

Highlights

  • 7,048 Sq. Ft.
  • Zoned R3
  • CLR Building Permit Waiver Qualified
  • New Markets Tax Credit (NMTC) Qualified
  • Targeted Neighborhood Enhancement Program (TNEP) Qualified

Description

Awesome residential lot located in the Historic Central High District. Zoned R3 for single family, or two family dwellings. New Markets Tax Credit (NMTC) Qualified area. CLR Building Permit Waiver Area Targeted Neighborhood Enhancement Program (TNEP) Qualified Great opportunity to build a single family, or duplex! Within Walking distance to Central High School, a quick drive to AR Children's Hospital, UAMS, I-630, and Downtown Little Rock!

Awesome residential lot located in the Historic Central High District. Zoned R3 for single family, or two family dwellings. New Markets Tax Credit (NMTC) Qualified area. CLR Building Permit Waiver Area Targeted Neighborhood Enhancement Program (TNEP) Qualified Great opportunity to build a single family, or duplex! Within Walking distance to Central High School, a quick drive to AR Children's Hospital, UAMS, I-630, and Downtown Little Rock!

Lot Size: 0.16 acres

Map of 2516 West 18th Street, Little Rock, AR, 72202

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.