Downtown Restaurant and Bar
For Sale
$1,350,000
101 CENTRAL Avenue, Hot Springs, AR 71901
COMMERCIAL - Hot Springs, AR
Property Size4,125 SF
Lot Size0.40 Acres
Price / SF$327.27
Days on Market29
Property Features for 101 CENTRAL Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD Central Bus. District
Zoning description
CBD Central Bus. District
Subdivision
HSR BLK 127
Directions
Take Central Ave. north to property on right (at the split of Park Ave. and Whittington)
Standard status
Active
Size
4,125 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
Pt. Lot 10 & all of Lots 11 & 12, HSR Blk. 127, Garland Co., AR
Tax Annual Amount
7045
Legal Description
Pt. Lot 10 & all of Lots 11 & 12, HSR Blk. 127, Garland Co., AR
Building Details
Year built
1960
Floors in Building
2
Roof type
Metal
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Added: Jul 2
Changed: Jul 12
Last Checked: Jul 30 at 11:06PM
MLS# 156223
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.
Investment Insights
Based on property information with market context.
This landmark downtown restaurant and bar property is currently operating as Fat Jacks and includes spacious upper and lower levels for versatile commercial use. The sale is real estate only; business operations are not included.
The building sits on approximately 0.40 acres with 150 feet of frontage on Central Avenue in the CBD Central Business District. It also features a large private parking lot, an important convenience for customers and tenants in a downtown setting.
With its prominent frontage and flexible interior layout across two levels, the property can support a range of future commercial concepts within the central business district.
The building sits on approximately 0.40 acres with 150 feet of frontage on Central Avenue in the CBD Central Business District. It also features a large private parking lot, an important convenience for customers and tenants in a downtown setting.
With its prominent frontage and flexible interior layout across two levels, the property can support a range of future commercial concepts within the central business district.
Key Highlights
- Landmark commercial building built in 1960 with metal roof.
- Currently operating as Fat Jacks restaurant and bar; real estate only—business operations not included.
- Located on Central Avenue in downtown Hot Springs, across from the former Majestic Hotel redevelopment site.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.9k | $15.00 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $58.2k | $14.10 |
| − OpEx | −$14.5k | −$3.53 |
| NOI | $43.6k | $10.58 |
4,125 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$623.2K
$545.3K – $727.0K
NOI $43,622 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,807 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 32%
Beauty & Spa 3%
Electronics 2%
McDonald's
Dining
18,055 visits/mo
0.4 miles
Burger King
Dining
9,887 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.3 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,119 visits/mo
0.3 miles
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Malco Lounge and Parlor — Malco Lounge, 817 Central Ave, Hot Springs, AR 71901
- The bourbon bar — Hot Springs, AR 71901
- DONS Southern Social — 901 Central Ave, Hot Springs, AR 71901
- Copper Penny Pub — 711 Central Ave, Hot Springs, AR 71901
- The HEIST — 723 Central Ave #200, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Bar & Pub - Landmark restaurant and bar building with upper and lower levels, 150 feet of frontage, and a private parking lot.
Where is this bar & pub located?
The property is located at 101 CENTRAL Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Landmark commercial building built in 1960 with metal roof.; Currently operating as Fat Jacks restaurant and bar; real estate only—business operations not included.; Located on Central Avenue in downtown Hot Springs, across from the former Majestic Hotel redevelopment site.
