Office/Retail Building For Sale

1718-1724 Pike Avenue North Little Rock, AR 72114

1718-1724 Pike Avenue, North Little Rock, AR, 72114
1718-1724 Pike Avenue, North Little Rock, AR, 72114
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$259,000
Last Verified:
Jan 23, 2020

Highlights

  • Potential Multi-Tenant Income Producing Investment - Building Can Be Subdivided
  • Great Visibility on a Signaled Intersection
  • PIke Avenue Corridor Streetscape Improvements in Planning Stages
  • Federal Designated Opportunity Zone Investment Incentives Available

Description

Approximately 11,010 SF building on a corner lot with prime visibility and a signaled intersection.

Corner lot on Pike Avenue & 18th Street with Great Visibility at a Signaled Intersection. Gateway Location to Rock Water Village and Argenta.


Year Built: 1929
Building Size: 11010.0sq ft
Building Class: B
Lot Size: 1.43 acres

Map of 1718-1724 Pike Avenue, North Little Rock, AR, 72114

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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.