Two-Level Bar and Pub
For Sale
$1,350,000
101 Central Avenue, Hot Springs, AR 71901
Two-level commercial building with private parking and established Central Avenue frontage in downtown Hot Springs.
Property Size4,125 SF
Lot Size0.40 Acres
Days on Market30
Property Features for 101 Central Avenue
General Information
Standard status
Active
Size
4,125 SF
Lot size
0.40 Acres
Property subtype
Building and Land
Taxes and HOA fees
Annual Taxes
$7,045
Building Details
Building Size
4,125 SF
Year Built
1960
Listing Agency:
ESQ. Realty Group - Hot Springs
(501) 609-6493
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Source:
Whitestonearkansas
Added: Jul 7
Changed: Aug 3
Last Checked: Aug 4 at 9:17AM
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 ESQ. Realty Group - Hot Springs
Investment Insights
Based on property information with market context.
Built in 1960, this bar and pub property includes upper and lower levels that can accommodate a range of commercial layouts. The sale includes the real estate only; business operations are excluded. A private parking lot adds on-site customer and tenant parking, while the building’s current restaurant and bar configuration provides a known commercial framework for future occupancy or redevelopment planning.
The property is located on Central Avenue in downtown Hot Springs, directly across from the former Majestic Hotel redevelopment site. It offers 150 feet of Central Avenue frontage on approximately 0.40 acres and is surrounded by restaurants, retail, entertainment venues, and area attractions. The location also provides access to a substantial private parking area, a notable feature for a downtown commercial property.
The property is located on Central Avenue in downtown Hot Springs, directly across from the former Majestic Hotel redevelopment site. It offers 150 feet of Central Avenue frontage on approximately 0.40 acres and is surrounded by restaurants, retail, entertainment venues, and area attractions. The location also provides access to a substantial private parking area, a notable feature for a downtown commercial property.
Key Highlights
- Bar and pub property with upper and lower levels
- Approximately 0.40 acres with 150 feet of Central Avenue frontage
- Large private parking lot included
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 | $61.9k | $15.00 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $58.2k | $14.10 |
| − OpEx | −$14.5k | −$3.53 |
| NOI | $43.6k | $10.58 |
4,125 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$623.2K
$545.3K – $727.0K
NOI $43,622 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,807 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 32%
Beauty & Spa 3%
Electronics 2%
McDonald's
Dining
18,055 visits/mo
0.4 miles
Burger King
Dining
9,887 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.3 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,119 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Malco Lounge and Parlor — Malco Lounge, 817 Central Ave, Hot Springs, AR 71901
- The bourbon bar — Hot Springs, AR 71901
- DONS Southern Social — 901 Central Ave, Hot Springs, AR 71901
- Copper Penny Pub — 711 Central Ave, Hot Springs, AR 71901
- The HEIST — 723 Central Ave #200, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-level commercial building with private parking and established Central Avenue frontage in downtown Hot Springs.
Where is this bar & pub located?
The property is located at 101 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Bar and pub property with upper and lower levels; Approximately 0.40 acres with 150 feet of Central Avenue frontage; Large private parking lot included
