Prime Mixed Use Hospitality, Retail/Entertainment, and Multifamily Development Site

200 East Broadway Street North Little Rock, AR 72114

200 East Broadway Street, North Little Rock, AR, 72114
200 East Broadway Street, North Little Rock, AR, 72114
FOR SALE
Property Type:
Other Land
Amount:
$1,500,000
Last Verified:
Feb 05, 2019

Highlights

  • Located in Federal Opportunity Zone - Capital Gains Tax Investment Incentives Available
  • High Growth Corridor
  • Walk-able neighborhood
  • Adjacent to Verizon Arena and the Junction Bridge and 3 blocks to Dickey Stephens Park
  • Close proximity to Arkansas Regional Innovation Hub, banking, shopping, and dining
  • 1 block from Rock Region Metro Streetcar stop, 2 blocks from I-30, 1 block to Ark. River Trail, 10 min. to Airport

Description

Ideal for Mixed Use Retail, Office, Residential, Entertainment and Hotel Uses.

Located in the heart of the booming downtown Little Rock - North Little Rock's creative corridor in the walk-able Argenta Arts & Innovation District in North Little Rock, this property is close to many attractions and amenities including the Arkansas Regional Innovation Hub, Verizon Arena, Arkansas Sports Hall of Fame, Arkansas Inland Maritime Museum, Dickey Stephens Ballpark, Junction Pedestrian Bridge, the Arkansas River Trail, restaurants & coffee shops, breweries, art galleries & theaters, banks, a drug store, salons, retail stores, and entertainment venues. This property is also on the Rock Region Metro Streetcar line and public transit routes, close to bike trails, is easily accessible to Interstates 30 and 40, and is 10 minutes from Little Rock National Airport. This location is a regional destination draw area with over 1,020,000 residents within a 50 mile radius of this site. Approximately 1,000,000 people visit Argenta annually.

Building Size: 128.0sq ft
Lot Size: 1.28 acres

Map of 200 East Broadway Street, 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.