Chenal Valley Land
Chenal Valley Drive, Little Rock, AR | Multifamily
This well-located land in Little Rock, AR is a
fully entitled mulitfamily site. With submarket
occupancy rates higher than 96%, this is a perfect
opportunity to capture the growing demand for
suburban multifamily development.
The subject parcel is located in the fast growing West Little
Rock Submarket just a few miles east of the intersection
of I-430 and I-630. The City of Little Rock continues to
develop and grow to the west and remains the sought after
location for many young professionals in the region. The site
offers excellent accessibility to West Little Rock, Downtown
Little Rock, and to Conway. Average home values in a five
miles radius are $236,272 with median annual household
income in the same area of $97,404.
The subject property is located immediately west
of Chenal Parkway and less than two miles south of
Cantrell Road. The site is accessible to the entire
Little Rock-Conway metro population of more than
900,000 residents via proximity to the intersection
of I-430 and I-630. As the capital of the State of
Arkansas, Little Rock offers a diversity of large
employers from both the public and private sectors.
For Sale: $1,625,000?
Acreage: 21.3+/-
# Units: 256
Density: 21 units/acre
Zoning: MF-12
Topography: Sloping, wooded
Utilities: Available
• Underserved multifamily market
• Superior Location
• Accessibility to West Little Rock amenities
• Fully entitled multifamily site
• Outstanding demographics and employment
Flyer PDF
Google Map
For more information:
Matt Weathersby, SIOR, CCIM
(901) 362-4317
mweathersby@commadv.com
Larry Jensen, SIOR
(901) 273-2344
ljensen@commadv.com