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    1010 Central Ave Hot Springs, AR 71901

    For Sale
    $1,900,000

    Commercial Building - Hot Springs, AR

    Property size:
    22,083 SF
    Days on Market:
    146
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 1010 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CBD Central Bus. District
    Parking features
    Garage
    Interior features
    Extra Insulation, Public Restrooms, Display Window, Handicapped Design, Ceiling Height (remarks)
    Exterior features
    Partially Fenced, Pole Sign, Door Sign
    Fencing
    Fenced, Partial
    Accessibility
    Accessible Approach with Ramp
    Size
    22,083 SF

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating), Natural Gas, Space Heater, Zoned (Heating)
    Cooling system
    Heat Pump, Multi Units, Zoned

    Building Details

    Year built
    1945
    Building materials
    Brick
    Roof type
    Other, See Remarks
    Architectural style
    Other

    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# 151843 Listing URL

    Copyright © 2025 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

    Downtown Hot Springs Mixed-Use Building

    Located in the heart of Hot Springs, this mixed-use building offers 22,083 square feet of space. Constructed with concrete and steel, the property is situated outside of a flood zone. The building's CBD/C1 zoning allows for various uses, including retail, museum, restaurant, or office spaces. The building features 11-foot ceilings throughout. The top floor could serve as a residence, vacation rental, or be converted into nine rental loft apartments based on existing plans. Recent upgrades include a newer 60mil TPO roof with decking insulation, fiber optic wifi, newer HVAC, a commercial kitchen with a grease trap, electrical and plumbing upgrades, emergency exit signage and lighting, a new garage door opener, plumbed bars, and fresh paint. The garage can accommodate 11 vehicles. The second-story kitchen area includes a 10-foot commercial vent hood and updated plumbing. The second floor is accessible via an indoor ramp from street level, as well as stairs. The building is located on the city parade route. The roof offers views of downtown and the mountains, making it suitable for a rooftop deck and solar panels. Upstairs and downstairs areas are metered separately. Ample parking is available in the surrounding area. Situated just two blocks south of the historic district boundary, the property benefits from high foot and vehicle traffic, with several new adjacent businesses. Commercial/residential use is considered the highest and best use, but many options are available. The property could be purchased with the neighboring building, which offers over 9000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Temple Vault Inc Trucking Company

    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
    -93.055237
    Latitude
    34.506353

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    FAQs

    What type of property is this?
    Mixed-use property - 22,000+ sqft mixed-use building in the heart of Hot Springs.
    Where is this mixed-use property located?
    The property is located at 1010 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 22,000 sqf building with CBD/C1 zoning allowing for diverse uses.; - Concrete & Steel construction, newer roof, and not in a flood zone.; - Potential for 9 rental loft apartments or vacation rental on the top floor.
    (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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1010 Central Ave Hot Springs, AR 71901
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