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    348 Central Ave Hot Springs, AR 71901

    For Sale
    $1,500,000

    Building and Land - Hot Springs, AR

    Property size:
    8,534 SF
    Lot size:
    0.10 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 348 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Size
    8,534 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    1907
    Floors in Building
    2
    Flooring type
    Carpet, Carpet - Partial, Wood
    Building materials
    Brick
    Architectural style
    Other

    Trademark Real Estate Inc. (501) 318-3200 [email protected]

    Listing agent Tammy Browning (501) 318-3200

    Listing date Nov 5, 2025

    MLS# 25040769 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

    Historic Downtown Hot Springs Landmark

    This historic downtown Hot Springs landmark presents a prime investment opportunity. The 8,534 square foot building is located next door to The Waters Hotel, overlooking Bathhouse Row, and steps away from the Arlington Hotel, positioning it to benefit from the area's year-round tourism. The main level features 4,200 square feet of retail space with expansive display windows. This space is currently occupied by a long-term tenant with a three-year lease, providing immediate income. The upper level offers another 4,200 square feet of space with soaring ceilings, original hardwood floors, and a skylight. This area presents possibilities for upscale Airbnb suites, luxury condos, creative workspaces, or an event venue. The property is located on a 0.1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Toy Chest Toy Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.054183
    Latitude
    34.514504

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    FAQs

    What type of property is this?
    Retail space - Iconic building with retail space and untapped potential.
    Where is this retail space located?
    The property is located at 348 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime downtown location next to The Waters Hotel and overlooking Bathhouse Row.; - Immediate income from a long-term tenant in the 4,200 sq ft retail space.; - Untapped potential in the 4,200 sq ft upstairs space for Airbnb, condos, or event venue.
    (501) 318-3200
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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
    348 Central Ave Hot Springs, AR 71901
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