Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    622-640 Malvern Ave Hot Springs, AR 71901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,699,000

    Mixed-use building with retail and office space in downtown Hot Springs.

    Property size:
    35,898 SF
    Lot size:
    2.92 Acres

    Property Features for 622-640 Malvern Ave

    General Information

    Size
    35,898 SF
    Lot size
    2.92 Acres

    Source: Colliers - Hot Springs Agent Karolyn Fankhouser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Downtown Hot Springs

    This mixed-use building offers a total area of 35,898 square feet, comprising 22,140 square feet of retail space and 13,758 square feet of office space. Situated on a lot of approximately 2.92 acres, the property is located just north of Grand Avenue, near the center of downtown Hot Springs. The location provides convenient access to city transit, the Hot Springs Convention Center, and the Greenway Trail, all within walking distance. Zoned for Industrial Mixed-Use, the property features a large parking lot and is handicap accessible. Current co-tenants include Family Dollar and KED Plasma.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.049052
    Latitude
    34.505604

    Nearby Similar for Sale

    • $1,150,000
      4,300 SF

      Fenced Acreage with Home and Amenities

      Private, fenced 20+ acre property with home, pool, shop, and barn.
      417 Randall Rd, Hot Springs, AR 71913
      View Details
    • $1,750,000
      10,466 SF

      Historic Bed & Breakfast Opportunity

      Established bed and breakfast in a prime historic district.
      420 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $2,750,000
      48,632 SF

      Downtown Hot Springs Redevelopment Opportunity

      Historic building with retail and redevelopment potential in Hot Springs.
      260 Central Ave, Hot Springs, AR 71901
      View Details
    • $489,900
      1,950 SF

      Renovated Farmhouse on Gated Acreage

      Turnkey hobby farm with renovated home, shop, and barn.
      1115 Albright Rd, Hot Springs, AR 71913
      View Details
    • $598,000
      5,000 SF

      Hot Springs Contemporary Triplex

      Never rented triplex with spacious main house and two apartments.
      106 Imperial Ct, Hot Springs, AR 71913
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Turnkey bed and breakfast near downtown Hot Springs National Park.
      318 Quapaw Ave, Hot Springs, AR 71901
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and office space in downtown Hot Springs.
    Where is this mixed-use property located?
    The property is located at 622-640 Malvern Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - Prime location near downtown Hot Springs and Grand Avenue.; - Substantial building size: 35,898 SF of retail and office space.; - Large parking lot available.
    (501) 627-2141
    Request Owner's contact information
    622-640 Malvern Ave Hot Springs, AR 71901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    622-640 Malvern Ave
    Hot Springs, AR 71901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    622-640 Malvern Ave Hot Springs, AR 71901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.