5708 Lee Ave, Little Rock, AR 72205

Hillcrest lot on Coleman Creek under $60K!! This lot in the Hillcrest Design Overlay District is priced at nearly half of the county appraised value! This flat lot is platted 70' along Lee Ave x 100' deep. It is zoned R3 for single family residential use and yet also permits duplexes as a conditional use as approved by city. The home that was previously on this site was demolished after a fire. The lot is in Zone AE of the flood plain and the homeowner carried flood insurance at a nominal rate of less than $600/year. A new dwelling could potentially be built to be above the levels that would require flood insurance. Stakes have been placed on the property to show approximately where the lowest finished floor would need to be to acheive this. Consult with your contractor and surveyor/engineer to plan your next home or investment opportunity!