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    225 Malvern Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $2,500,000

    Contemporary, Building and Land - Hot Springs, AR

    Property size:
    42,000 SF
    Lot size:
    0.45 Acres
    Days on Market:
    498
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 225 Malvern Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    20
    Interior features
    Sprinkler, 220 Volt Power, Public Restrooms, Display Window, Stairs
    Exterior features
    Overhead Doors, Loading Dock
    Size
    42,000 SF
    Lot size
    0.45 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1969
    Floors in Building
    3
    Flooring type
    Concrete
    Building materials
    Block, Stone, Stucco
    Roof type
    Membrane
    Architectural style
    Contemporary

    Southern Realty of Hot Springs-HSV Branch (501) 204-5003

    Listing agent Pamela Bates (501) 321-2025

    Listing date Aug 26, 2024

    MLS# 18026166 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. 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 Building and Land

    Located in downtown Hot Springs, this property includes both a building and land, offering numerous possibilities such as an entertainment venue or shopping mall/food court. The property is situated steps from the Convention Center and adjacent to public parking, with ample parking available half a block away. The main level features over 19,000 square feet of space, with an upper level and basement also included. There are four bay doors in the back, plus a drive-in basement. The property benefits from a high traffic count and visibility, presenting a unique opportunity for a tourist venue or parking garage. The building has a newer roof and the total property size is 42,000 square feet on a 0.45-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kleen Linens of Arkansas Laundromat Golden Benefit Insurance Insurance Agency

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Law Firm Hair Salon Nail Salon Gym & Fitness Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.053109
    Latitude
    34.509722

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    FAQs

    What type of property is this?
    Shopping mall - Downtown Hot Springs building and land with many possibilities.
    Where is this shopping mall located?
    The property is located at 225 Malvern Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime downtown Hot Springs location adjacent to the Convention Center and public parking.; - Large main level with over 19,000 sq ft, plus upper level and basement.; - High traffic count and excellent visibility.
    (501) 622-7878
    Request Owner's contact information
    225 Malvern Ave Hot Springs, AR 71901
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    Hot Springs, AR 71901
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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
    225 Malvern Ave Hot Springs, AR 71901
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