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Richards Rd

15 Acres of Industrial Land Offered at £3,578,770 in North Little Rock, AR 72117

Investment Highlights

  • Richards Road is a flat, level, and mostly cleared 25.37-acre tract zoned for a broad range of commercial and industrial uses.
  • Centrally located 10 minutes from Downtown Little Rock and 15 minutes to Bill and Hillary Clinton, with a walkable metro stop for public transport.
  • Ideal for industrial users with Interstate 40 less than five minutes away and complementing neighbor tenants like ABF Freight, USPS, and U-Pack.
  • Located in a vibrant retail corridor, walkable to Walmart, and five minutes from Lowes, Best Buy, DICK’S, TJ Maxx, Target, and Old Navy.

Executive Summary

Nestled in a bustling commercial node of North Little Rock, the shovel-ready tract at Richards Road presents the opportunity to deliver a much-needed product to a market eager for more. As e-commerce has made distribution and manufacturing more crucial than ever, demand has outpaced supply in the Little Rock industrial market and is suffering a great size disparity with a mix of older, smaller warehouses and 100,000-square-foot+ distribution-type centers with very few mid-size options. This 26.10-acre land at Richards Road is the perfect site to answer the market’s call to action.

Richards Road is a level, flat, and mostly cleared tract with zoning permitting for commercial and industrial uses. With complementing neighbors such as ABF Freight, USPS, O’Reilly Auto Parts, and U-Pack, the location best lends itself to industrial, general sales, and service uses. It can be divided into one- to five-acre lots for maximum flexibility, further unlocking even more possibilities in this hungry market.

The immediate area offers many advantages and opportunities, with McCain Plaza and McCain Mall featuring superior workforce amenities such as DICK’S, TJ Maxx, JC Penney, PetSmart, and dozens of dining options five minutes away. Employees could also walk to the Rock Region Metro stop at the corner of Richards Road and Stockton Drive or take a 10-minute drive to explore the vibrant nightlife in Downtown Little Rock. The tract is well-positioned for health care support functions, with Baptist Health Medical Center and Premier Health and Rehab less than a mile away. As Little Rock’s industrial vacancy rates are one of the lowest among peer markets in the southeast, it has seen more than 12% year-over-year rent growth. While development has been heating up with Amazon’s 3.4 million-square-foot distribution facility underway, smaller organizations have been hard-pressed to find a space. With almost direct access to Interstate 40 and an amenity-rich corridor at the doorstep of the site, Richards Road is the premier development opportunity to make a lasting statement in this underserved market.

Property Facts

Price £3,578,770
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
Total Lot Size 15.00 AC

1 Lot Available

Lot 1

Price £3,578,770
Price Per AC £238,585
Lot Size 15.00 AC

The price equates to $7.00 per square foot.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23N-013-00-066-00
Land Assessment
£61,350
Improvements Assessment
£0
Total Assessment
£61,350

zoning

Zoning Code C-3
C-3
  • Listing ID: 26923897

  • Date on Market: 29/10/2020

  • Last Updated:

  • Address: Richards Rd, North Little Rock, AR 72117

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