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    340 Park Ave Hot Springs, AR 71901

    For Sale
    Contact for pricing

    Commercial Building - Hot Springs, AR

    Property size:
    2,158 SF
    Lot size:
    0.10 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 340 Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CBD Central Bus. District
    Parking features
    Garage
    Interior features
    Display Window, Burglar Alarm
    Exterior features
    Insulated Windows, Insulated Doors
    Size
    2,158 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    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 Nov 11, 2025

    MLS# 153223 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

    Art Deco Garage on Park

    This 2,158 square foot Art Deco garage is located on historic Park Avenue (Highway 7) and along a public bus route. The property is zoned Central Business District and features three garage stalls with overhead doors, a lobby, kitchenette, bathroom, floored attic storage, and a porte-cochere. Recent updates include a newer roof, newer air conditioning, paint and an on-demand hot water heater. The property is suitable for a variety of commercial or creative uses, including a studio, workshop, showroom, potential restaurant, or office. The building is located in the heart of the city in a high-visibility location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Air-FX Air Conditioning Contractor

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -93.054311
    Latitude
    34.522394

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    FAQs

    What type of property is this?
    Parking lot & garage - 2,158 SF Art Deco garage in a prime location.
    Where is this parking lot & garage located?
    The property is located at 340 Park Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,950.
    What are key features of this property?
    This property features: - Prime location on historic Park Avenue (Highway 7) with high visibility and exceptional access.; - **Versatile 2,158 sq ft Art Deco garage suitable for various commercial or creative uses** (studio, workshop, showroom, office, potential restaurant).; - Zoned Central Business District, offering flexibility for different business ventures.
    (501) 205-1900
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    340 Park 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
    340 Park Ave Hot Springs, AR 71901
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