8424 Kanis, Little Rock, AR 72204

$797,000
1,765
SqFt

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List Price
$797,000
Status
ACTIVE
Days on Market
8
MLS#
26036169
Style
Traditional
Year Built
1943
Living Area
1,765
Lot Size
11,761
Acres
0.27
Subdivision
Michaels
MLS Area Major
Little Rock

Property Description

Rare investment and owner-user opportunity on highly visible Kanis Road! This .27-acre commercial property offers 1,765 SF, 18,000+ vehicles per day traffic and an established telecommunications site generating approximately $1,572/month in current income. Building tenant is month-to-month at $1,000/month, with current rent reflecting consideration for owner-approved improvements. Solid structure with value-add potential for renovation, increased rental income or future owner occupancy. Located in Little Rock’s established medical/commercial corridor near Baptist Health and convenient to I-630. Two existing income streams plus excellent visibility, access and long-term upside make this a unique commercial offering. UNIQUE TELECOM VALUE COMPONENT Existing telecom income with scheduled lease economics through the remaining term. Subject to the lease terms and owner compliance, the existing communications tower is to become property of the landowner upon termination of the telecom lease. Potential additional carrier colocation capacity may provide future upside; capacity, approvals and revenue rights to be independently verified.

Additional Information

Taxes
$1,352
Property Description
Traditional
Exterior Features
Brick & Frame Combo, Metal/Vinyl Siding

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Calculator source: Real Geeks

Listing courtesy of Crye-Leike REALTORS Maumelle.