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103 E 7th St
Little Rock, AR 72201
Donaghey Building · Office Property For Sale
Investment Highlights
- eligible for owners/developers to claim their rehabilitation expenses as a credit on their state and federal income taxes
- Main Street provides an eclectic mix of restaurants, museums, theaters, music venues, retail shops and cultural attractions
- qualifies as a historic property
- renovated streetscape and substantial parking development
- situated in thriving downtown Little Rock
Executive Summary
The historic Donaghey Building is ideally situated in thriving downtown Little Rock and qualifies as a historic property and is eligible for owners/developers to claim their rehabilitation expenses as a credit on their state and federal income taxes.
Main Street provides an eclectic mix of restaurants, museums, theaters, music venues, retail shops and cultural attractions.
Convenient parking options at the Donaghey Plaza parking deck and multiple nearby city parking decks.
The renovated streetscape and substantial parking development have made this area easily accessible and inviting to residents and tourists.
The Donaghey Building qualifies as a historic property and is eligible for owners/developers to claim their rehabilitation expenses as a credit on their state and federal income taxes.
State Tax Credit: 25% of approved rehabilitation expenses. If approved for the Arkansas Major Historic Rehabilitation Tax Credit program, the customary $400,000 limit would be increased to $12,000,000.
Federal Tax Credit: Recognizes the expense incurred for rehabilitating historic buildings, such as the Donaghey Building, and presents a 20% income tax credit to developers
Main Street provides an eclectic mix of restaurants, museums, theaters, music venues, retail shops and cultural attractions.
Convenient parking options at the Donaghey Plaza parking deck and multiple nearby city parking decks.
The renovated streetscape and substantial parking development have made this area easily accessible and inviting to residents and tourists.
The Donaghey Building qualifies as a historic property and is eligible for owners/developers to claim their rehabilitation expenses as a credit on their state and federal income taxes.
State Tax Credit: 25% of approved rehabilitation expenses. If approved for the Arkansas Major Historic Rehabilitation Tax Credit program, the customary $400,000 limit would be increased to $12,000,000.
Federal Tax Credit: Recognizes the expense incurred for rehabilitating historic buildings, such as the Donaghey Building, and presents a 20% income tax credit to developers
Property Facts
Sale Type
Investment
Property Type
Office
Property Size
184,520 sq ft
Costar Property Class
C
Year Built
1925
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
14
Typical Floor Size
13,180 sq ft
Floor To Floor Height
15 ft
Plot ratio
10.59
Total Plot Size
0.40 ac
Use Class
PCD - PCD
Property Taxes
| Parcel Number | 34L-020-01-057-00 | Improvements Assessment | £555,535 |
| Land Assessment | £78,671 | Total Assessment | £634,206 |
Property Taxes
Parcel Number
34L-020-01-057-00
Land Assessment
£78,671
Improvements Assessment
£555,535
Total Assessment
£634,206
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