Map of Property

229 W Capitol Ave

For Sale

229 W Capitol Ave, Little Rock, AR 72201

This Little Rock property for sale is located at 229 W Capitol Ave. The general use of 229 W Capitol Ave is office and it incorporates 36,900 square feet of class C office space. The current listed sale price for 229 W Capitol Ave is $1,600,000. 229 W Capitol Ave is situated on a lot that is 0.26 acre in size.

Contacts

broker
Danny Brickey

eXp Commercial

Property Details

  • Property Type Office - General Office
  • Property Size 36,900 SF
  • Lot Size 0.26 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1920
  • Year Renovated 2018
  • Date Updated Aug 18, 2025
General Location: The Sterling Building is prominently located at 229 W Capitol Avenue, in the heart of downtown Little Rock, Arkansas. The site sits at the southeast corner of the intersection of W Capitol Ave and S Center Street, placing it within the Financial and Government District, just a few blocks from the Arkansas State Capitol and River Market District.FOR SALE – The Sterling Building | Historic Investment Opportunity in Downtown Little Rock 229 W Capitol Ave, Little Rock, AR 72201 Asking Price: $1,600,000 (Motivated Seller – Listed Below Appraisal) Building Size: ±36,900 SF | Zoning: Urban Use Step into history and unlock future potential with the Sterling Building, a landmark property in the heart of Little Rock’s central business district. Once home to the iconic Sterling department store, this building is listed on the National Register of Historic Places and offers investors a rare opportunity to leverage both Federal and Arkansas State Historic Tax Credits, as well as potential exterior easement tax benefits.
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Highlights

  • Architectural Character – Stunning wood-beam ceiling on the 3rd floor, ideal for loft-style offices, creative studios, or residential conversion.
  • Environmentally Clean – Fully abated and ready for construction.
  • Flexible Zoning – Urban Use zoning supports a wide range of redevelopment possibilities.
  • Historic Significance – Eligible for Federal & State Historic Tax Credits; opportunity for significant tax shelter strategies (consult CPA).
  • Income-Producing First Floor – Fully leased retail/office space generating immediate revenue.
  • Parking Available – On-site and nearby options.
  • Prime Location – On Capitol Avenue, steps from Main Street’s thriving retail and dining corridor.
  • Property Highlights:
  • Redevelopment-Ready Upper Floors – 2nd and 3rd floors gutted and primed for build-out.

Getting around

  • 82/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 68/100

    Bike Score ®

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Location

  • City Little Rock, AR
  • Zip Code 72201
  • Market Little Rock

Points of Interest

  • 2nd Street & Center Street

    0.24 miles

  • West Markham Street & Spring Street

    0.31 miles

  • 2nd Street & Scott Street

    0.32 miles

  • West Markham Street & Scott Street

    0.34 miles

  • Scott Street & Markham Street

    0.37 miles

  • 2nd Street & Rock Street

    0.39 miles

  • River Market Avenue & 3rd Street

    0.44 miles

  • 3rd Street & River Market Avenue

    0.45 miles

  • President Clinton Avenue & River Market Avenue

    0.49 miles

  • World Avenue & 3rd Street

    0.82 miles

  • Shell

    0.29 miles

  • E-Z Mart

    0.59 miles

  • Superstop

    0.64 miles

  • Circle K

    0.90 miles

  • Exxon

    1.23 miles

  • Valero

    1.80 miles

  • Franklin's Charging

    1.85 miles

  • ChargePoint

    5.22 miles

  • Little Rock Supercharger

    9.67 miles

  • Simmons Tower Parking Deck

    0.08 miles

  • Best Park

    0.08 miles

  • Municipal Parking Garage (Underground)

    0.33 miles

  • Library Parking Deck

    0.42 miles

  • River Market Parking Garage

    0.50 miles

  • Expressway Airport Parking

    3.14 miles

  • Cell Phone Lot

    3.17 miles

  • Lot 15

    3.78 miles

  • Lot 14

    3.81 miles

  • Lot 12

    3.84 miles

  • AC Hotel by Marriott Little Rock Downtown

    0.04 miles

  • La Quinta Inn & Suites Downtown Conference Center

    0.15 miles

  • The Capital Hotel

    0.28 miles

  • Legacy Hotel & Suites

    0.28 miles

  • Hilton Garden Inn

    0.33 miles

  • DoubleTree by Hilton Hotel Little Rock

    0.37 miles

  • Little Rock Marriott

    0.37 miles

  • Homewood Suites by Hilton Little Rock Downtown

    0.38 miles

  • Hampton Inn & Suites Little Rock - Downtown

    0.40 miles

  • Residence Inn Little Rock Downtown

    0.46 miles

  • Kroger

    1.50 miles

  • Terry's

    3.65 miles

  • Target

    3.96 miles

  • Dillard's

    3.96 miles

  • TJ Maxx

    4.04 miles

  • Ross

    4.04 miles

  • Burlington

    4.23 miles

  • Kroger Marketplace

    4.28 miles

  • McCain Mall

    4.31 miles

  • Big Lots

    4.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Danny Brickey

eXp Commercial

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