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    879 Park Ave, Unit D Hot Springs, AR 71901

    For Lease
    $2,500 /Mo ($12 SF/Yr)

    Lease - Hot Springs, AR

    Property size:
    2,500 SF
    Days on Market:
    253
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 879 Park Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CTR
    APN
    400-46980-002-000C
    Parking
    24
    Parking features
    Paved or Surfaced
    Exterior features
    Roof Sign
    Size
    2,500 SF

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Other
    Building materials
    Brick
    Roof type
    Built-Up
    Architectural style
    Other

    Coldwell Banker Rector Phillips Morse - Hot Springs (501) 525-7355 [email protected]

    Listing agent Todd Woerpel (501) 525-7355

    Listing date Apr 3, 2025

    MLS# 25011762 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

    Retail Spaces Available for Lease

    This retail center has four tenant spaces available. There are two 2,500-square-foot spaces, one 1,075-square-foot space, and one 875-square-foot space. Each space will require tenant improvements, and the landlord is open to terms and finish-out offers. The property is located near downtown and a short distance from the Backwoods Trail system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.048995
    Latitude
    34.530609

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available near downtown and Backwoods Trail system.
    Where is this shopping center located?
    The property is located at 879 Park Ave, Unit D Hot Springs, AR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Near downtown location.; - Short distance to Backwoods Trail system.; - Four tenant spaces available.
    (501) 525-7355
    Request Owner's contact information
    879 Park Ave, Unit D 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
    879 Park Ave, Unit D Hot Springs, AR 71901
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