1001 Central Ave, Hot Springs, AR 71901
Downtown retail/office building with dedicated parking, frontage on Central Avenue, and two flexible suites.
- Added:
- May 4, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 13 at 2:08 am
Property Features for 1001 Central Ave
General Information
- Standard status
- Active
- Size
- 3,915 SF
Listing agent Susan Bariola (501) 350-6562
Listing office McGraw Realtors - HS (501) 350-6562
Listing date May 4, 2026
Source Exprealty
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HighLights
- 3,915 SF downtown Hot Springs commercial building with frontage directly on Central Avenue
- 14 dedicated parking spaces on‑site—hard‑to‑find parking for a downtown property
- Building divided into two separate commercial spaces for flexible use
- Two commercial kitchen areas plus four total restrooms
- Separate utility systems for each side, including central heat and air and alarm systems
- Hot water tanks included; versatile layout suited for restaurant, retail, office, service, or hospitality uses
Overview
The property is located at 1001 Central Avenue in downtown Hot Springs with frontage directly on Central Avenue. It is described as having easy access and visibility, with 14 dedicated parking spaces available onsite. The building sits in a busy commercial and tourism area with steady traffic from locals and visitors.
With two independent spaces and dedicated parking, the property can suit tenants or owners looking for flexible operations, suite-based leasing, or multi-use occupancy. The separate utility systems and restroom count support commercial programming across either or both areas, making it practical for businesses that need more than one distinct environment within the same building.
Local Financial Insights For Specialty Retail
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 | $58.7k | $15.00 |
| − Vacancy | −$3.5k | −$0.90 |
| EGI | $55.2k | $14.10 |
| − OpEx | −$13.8k | −$3.53 |
| NOI | $41.4k | $10.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.054547
- Latitude
- 34.506235
