Historic Motel and Retail
857 and 859 Park Avenue Hot Springs, AR 71901
For Sale
$1,500,000
COMMERCIAL - Hot Springs, AR
Property Size6,396 SF
Lot Size0.51 Acres
Price / SF$234.52
Days on Market21
Property Features for 857 and 859 Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 11
- Standard status
- Active
- Size
- 6,396 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Block/Lot: 154 /006 S-T-R: 28-
- Tax Annual Amount
- 2218
Building Details
- Year built
- 1942
- Floors in Building
- 2
- Flooring type
- Wood, Vinyl, Carpet - Full
- Roof type
- Metal
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Ashley Layfield
(501) 282-1179
Added: Jul 6
Changed: Jul 13
Last Checked: Jul 26 at 5:06PM
MLS# 26027117
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale portfolio brings together multiple connected offerings centered on the Lynwood Motel & Duplex at 857 & 859 Park Avenue. The 1942 classic court is on the Historic Registry and includes 16 vintage motel units, a 160-square-foot office, and a historic 1,471-square-foot family residence built in 1890.
Also included are two commercial units at 865 A & B Park Avenue, described as having high-visibility frontage on Park Avenue and suited to boutique retail or professional office use. The package further includes the Pullman Units at 105 & 107 Pullman Avenue, situated just off Park Avenue, providing additional residential rental options within the broader footprint.
Offered as a single package, the property totals a combined size of 6,396 square feet on 0.51 acres and presents an opportunity for investors seeking to restore and reposition historic hospitality and mixed-use improvements in Hot Springs, Arkansas.
Also included are two commercial units at 865 A & B Park Avenue, described as having high-visibility frontage on Park Avenue and suited to boutique retail or professional office use. The package further includes the Pullman Units at 105 & 107 Pullman Avenue, situated just off Park Avenue, providing additional residential rental options within the broader footprint.
Offered as a single package, the property totals a combined size of 6,396 square feet on 0.51 acres and presents an opportunity for investors seeking to restore and reposition historic hospitality and mixed-use improvements in Hot Springs, Arkansas.
Key Highlights
- Package deal includes the Lynwood Motel & Duplex at 857 & 859 Park Ave, built in 1942 and listed on the Historic Registry
- Lynwood Motel & Duplex includes 16 vintage units, plus a 160 SF office
- Also includes a 1,471 SF historic family residence built in 1890
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.1k | $14.40 |
| − Vacancy | −$10.2k | −$1.60 |
| EGI | $81.9k | $12.80 |
| − OpEx | −$20.5k | −$3.20 |
| NOI | $61.4k | $9.60 |
6,396 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$877.3K
$767.6K – $1.02M
NOI $61,409 @ 7.0% cap · market cap 4.09%
Second Best
Retail
$721.5K
$631.3K – $841.7K
NOI $50,503 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,879 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lynwood Motel
Hotel & Motel
Similar Off Market Nearby
- Cottage Courts — 609 park ave, hot springs, ar 71901
- Park Ave — 771 Park Ave, Hot Springs, AR 71901
- Top Park Motel — 316 Park Ave, Hot Springs, AR 71901
- The Club House Hot Springs — 118 Arbor St, Hot Springs, AR 71901
- Dame Fortune's Cottage Court — 609 Park Ave, Hot Springs, AR 71901
FAQs
What type of property is this?
Motel - Portfolio includes a Historic Registry motel and duplex court plus adjacent commercial and residential units along Park Avenue.
Where is this motel located?
The property is located at 857 and 859 Park Avenue 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: Package deal includes the Lynwood Motel & Duplex at 857 & 859 Park Ave, built in 1942 and listed on the Historic Registry; Lynwood Motel & Duplex includes 16 vintage units, plus a 160 SF office; Also includes a 1,471 SF historic family residence built in 1890
