228 Prospect Avenue Hot Springs, AR 71901
Building and Land - Hot Springs, AR
Property size:
7,520 SFLot size:
0.19 AcresPrice / SF:
$43/SF- Added:
- Jan 16, 2026
- Days on Market:
- 104
- Last Refresh:
- Apr 30 at 2:06 am
Property Features for 228 Prospect Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,520 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 274
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Susan Bariola (501) 350-6562
Listing office McGraw Realtors - HS 307 Carpenter Dam Rd, Hot Springs, AR (501) 881-3331
Listing date Jan 16, 2026
MLS# 26003458
Listing URL
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Overview
Historic Knickerbocker Building Opportunity
The Knickerbocker Building, located at 228 Prospect Avenue in Hot Springs, Arkansas, dates back to the 1920s. This 7,520 square foot building sits on a 0.19-acre lot and is zoned commercial, providing flexibility for various uses. The property offers the ability for new owners to pursue short-term rental licenses and permits, subject to city approval. Potential uses include a boutique short-term rental, mixed-use development, or creative commercial venture. The sellers have $60,000 worth of plans for this property that will convey with the sale. This property presents an opportunity for investors or visionaries seeking to blend history with future possibilities in a growing market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.055964
- Latitude
- 34.510421
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Iconic building with limitless potential in a desirable location.
Where is this mixed-use property located?
The property is located at 228 Prospect Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Highly desirable location.; Commercial zoning allows for diverse uses, including potential short‑term rentals (subject to city approval).; Historically significant 'Knickerbocker Building' with architectural heritage dating back to 1890.
