Two-Space Storefront with On-Site
For Sale
$725,000
1001 Central Avenue, Hot Springs, AR 71901
Each commercial space has its own utility systems and central heating and air conditioning.
Property Size3,915 SF
Price / SF$185.19
Days on Market177
Property Features for 1001 Central Avenue
General Information
Standard status
Active
Size
3,915 SF
Total Parking Spaces
14
Property subtype
Commercial
Zoning
CBD Central Bus. District
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Furnished
No
Equipment Included
No
Amenities
commercial kitchen areas
restrooms
central heat and air
alarm systems
hot water tanks
Building Details
Building Size
3,915 SF
Year Built
1932
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
McGraw Realtors
(501) 881-3331
Listed By:
Susan Bariola
(501) 350-6562
Source:
Esqbrokers
Added: May 2
Changed: Oct 23
Last Checked: Oct 23 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGraw Realtors
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Investment Insights
Based on property information with market context.
At 1001 Central Avenue in Hot Springs, this 3,915-square-foot storefront dates to 1932 and is arranged as two commercial spaces. The building includes two kitchen areas and four restrooms. Each side has separate utility systems, central heat and air, an alarm system, and a hot water tank. Furnishings and appliances are excluded from the sale.
The property fronts Central Avenue in downtown Hot Springs and has 14 dedicated parking spaces. CBD Central Bus. District zoning applies. Nearby destinations identified for the area include shopping, dining, Bathhouse Row, and Oaklawn.
The property fronts Central Avenue in downtown Hot Springs and has 14 dedicated parking spaces. CBD Central Bus. District zoning applies. Nearby destinations identified for the area include shopping, dining, Bathhouse Row, and Oaklawn.
Key Highlights
- 3,915‑square‑foot storefront built in 1932
- Two commercial spaces, each with separate utility systems
- 14 dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,913
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,260
$618.3K
Cap Rate 7%
$441,614
$441.6K
Cap Rate 9%
$343,478
$343.5K
Market Conditions
NOI Build-Up for 3,915 SF
Gross rent
$47.0K $12.00/SF
− Vacancy
−$2.8K −$0.72/SF
EGI
$44.2K $11.28/SF
− OpEx
−$13.2K −$3.38/SF
NOI
$30.9K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,260
Cap Rate 7%
$441,614
Cap Rate 9%
$343,478
Alternative Uses
Best Use
Retail
$441.6K
$386.4K – $515.2K
NOI $30,913 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,118 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 11%
Groceries 6%
McDonald's
Dining
18,055 visits/mo
0.5 miles
Burger King
Dining
9,887 visits/mo
0.2 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.2 miles
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Elegant Gunk — Hot Springs, AR 71913
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Storefront property - Each commercial space has its own utility systems and central heating and air conditioning.
Where is this storefront property located?
The property is located at 1001 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,915‑square‑foot storefront built in 1932; Two commercial spaces, each with separate utility systems; 14 dedicated on‑site parking spaces
