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    1008 Central Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $960,000

    Building and Land - Hot Springs, AR

    Property size:
    9,252 SF
    Days on Market:
    167
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1008 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN-1 Res Nbhd 1 District
    Interior features
    Sprinkler, Public Restrooms, Janitor Services, Equipment (see Remarks), Inventory (see Remarks), Smoke Detector, Burglar Alarm, Handicapped Design
    Exterior features
    Roof Sign, Other (see Remarks)
    Accessibility
    Accessible Approach with Ramp
    Size
    9,252 SF

    Utilities

    Heating system
    Central, Electric (Heating), Natural Gas, Zoned (Heating)
    Cooling system
    Multi Units, Zoned

    Building Details

    Year built
    1927
    Flooring type
    Carpet, Carpet - Partial
    Building materials
    Brick, Stucco
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    See Remarks

    RIX REALTY - ADVANTAGE TEAM REALTORS (501) 205-1900 [email protected]

    Listing agent Chris Rix (501) 205-1900 License #00059757

    Listing date Jul 23, 2025

    MLS# 150620 Listing URL

    Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Venue in Downtown Hot Springs

    This updated venue is located in the historic downtown theatre, gallery, and bathhouse district of Hot Springs, AR. The 9,252 square feet property is zoned RN-1 Res Nbhd 1 District. It features newer HVAC with dust-free active technology, electrical and plumbing updates, low-flow toilets, and a water heater. The building includes new LED Chauvet lighting, JBL Pro Audio, an all-digital iLive system, stage improvements, seating upgrades, and fully stocked bars. It is equipped with a fire sprinkler system, burglar alarm, camera system, POS system, and refrigeration. The property has a full online presence with a webpage, social media, and ticketing solution. The balcony, currently not in use, is stubbed out with plumbing and electrical for an upstairs concession and includes an additional bathroom, offering incredible unobstructed stage views. The property can be purchased with the connected 1010 Central Avenue, adding approximately 22,000 square feet, and 1014 Central, a parking lot. All are zoned C1, allowing flexible redevelopment opportunities. The property is not in a flood plain and has street access at both the front and back of the building. It benefits from great vehicle and foot traffic, located just two blocks south of the downtown traffic bottleneck, parking issues, and historic district boundary, adding convenience. The property is suitable for a museum, condo development, or church.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Historic Central Theater Performing Arts Theater Hot Springs Central ... Performing Arts Theater Tasteful Noods Ramen Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.055193
    Latitude
    34.506575

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    FAQs

    What type of property is this?
    Theater & concert hall - Updated venue in historic district, suitable for various uses.
    Where is this theater & concert hall located?
    The property is located at 1008 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: - Updated venue with extensive renovations including HVAC, electrical, plumbing, lighting, and audio systems.; - Zoned C1, offering flexible use for redevelopment opportunities.; - Located in the historic downtown theatre, gallery & bathhouse district with high vehicle and foot traffic.
    (501) 205-1900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Central Ave Hot Springs, AR 71901
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