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    700 Central Ave Hot Springs, AR 71901

    For Sale
    $1,200,000

    Business Only - Hot Springs, AR

    Property size:
    4,267 SF
    Days on Market:
    277
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 700 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN-1 Res Nbhd 1 District
    Interior features
    Public Restrooms, Display Window, Equipment (see Remarks), Inventory (see Remarks), Handicapped Design
    Exterior features
    Door Sign
    Accessibility
    Accessible Approach with Ramp
    Size
    4,267 SF

    Utilities

    Heating system
    Central, Electric (Heating), Zoned (Heating)
    Cooling system
    Multi Units, Zoned

    Building Details

    Year built
    1895
    Building materials
    Brick, Frame
    Architectural style
    Other

    RIX REALTY - ADVANTAGE TEAM REALTORS (501) 205-1900 [email protected]

    Listing agent Chris Rix (501) 205-1900 License #00059757

    Listing date Mar 12, 2025

    MLS# 149237 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

    Established Hot Springs Bar for Sale

    This established bar and restaurant, located in the heart of downtown Hot Springs, Arkansas, represents a business opportunity with a history of high net profit. The 4267-square-foot establishment, currently operating as a bar but licensed as a restaurant, features a fully functional kitchen that prepares Chicago-style deep-dish pizza and other pub food. The bar has a robust selection of spirits and beers. The interior design is chic, featuring murals from local artists and designer decor, with dim and cozy lighting. The space includes an ATM, a dart alley, and a pool table. A band box area is complete with a stage, lighting, a sound system, and an elevated sound booth. The bathrooms have been updated, and the entire facility is in excellent functioning order. The establishment is non-smoking, but it has a comfortable recessed patio with views of North Mountain, architecture, and an adjacent hot spring. The location experiences high foot traffic. The business has historically been a key account with liquor and beer distributors, and all permits convey. The property is located in a RN-1 Res Nbhd 1 District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maxine's Live Bar

    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.

    Similar Places Nearby

    421 SPORTS BAR, 3B's Bar and Grill, Pocket's Full Sports Bar, Lagoria bar and grill, Moonshine Saloon at Crystal Ridge Distillery

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.054207626984
    Latitude
    34.510720519279

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    FAQs

    What type of property is this?
    Bar - Profitable bar and restaurant business opportunity in downtown Hot Springs.
    Where is this bar located?
    The property is located at 700 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Established, Profitable Business: Long-running, popular bar with high net profit and key account status with distributors.; - Prime Downtown Location: High foot traffic area in the heart of Hot Springs, attracting both locals and tourists.; - Full Restaurant License & Functional Kitchen: Equipped to serve Chicago-style deep dish pizza and other pub food.
    (501) 205-1900
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    700 Central 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
    700 Central Ave Hot Springs, AR 71901
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