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    251 Hobson Ave Hot Springs, AR 71913

    For Sale
    $119,000

    Building and Land - Hot Springs, AR

    Property size:
    1,842 SF
    Lot size:
    0.08 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 251 Hobson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-S Res Sub District
    Size
    1,842 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    ESQ. Realty Group-Hot Springs (501) 255-0509 [email protected]

    Listing agent Jeffery Vaughn (501) 255-0509 License #SA00082445

    Listing date Oct 31, 2025

    MLS# 153103 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

    Hot Springs Mixed-Use Opportunity

    This property, built in 1950, features a retail space measuring over 40' x 30' with an additional back room measuring over 17' x 30'. The building has frontage of over 50 feet on Hobson Avenue and over 65 feet on Linwood Avenue. Located across from Jones School, the property was originally Reader's Drug Store. Zoned Commercial-Transitional, the 1,842 square foot property on a 0.08-acre lot offers potential for various uses, including a themed Airbnb, neighborhood small business, live-work space, or repair shop. Electric is connected to the building, and water and gas are available but not currently hooked up. There is approximately 25 feet on the east side of the building off Hobson Avenue, which may allow for additional parking. The property is for sale as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    Elegant Gunk, Joe Sturgill & Company, Hot Springs Florist Gifts & More Inc., Norman Florist & Greenhouses, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.060678
    Latitude
    34.497348

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use property with retail space and live-work potential.
    Where is this storefront property located?
    The property is located at 251 Hobson Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Zoned Commercial-Transitional, offering diverse usage possibilities.; - Prime location directly across from Jones school.; - Substantial retail space measuring over 40' x 30' with an additional back room.
    (501) 255-0509
    Request Owner's contact information
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    Hot Springs, AR 71913
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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
    251 Hobson Ave Hot Springs, AR 71913
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