Mixed-Use Retail and Office
For Sale
Contact for pricing
622-640 Malvern Ave, Hot Springs, AR 71901
Multi-tenant building offering retail and office space with handicap accessibility and a large parking lot.
Property Size35,898 SF
Lot Size2.92 Acres
Price / SF$47.33
Days on Market497
Property Features for 622-640 Malvern Ave
General Information
Standard status
Active
Size
35,898 SF
Lot size
2.92 Acres
Property subtype
OFFICE
Zoning
Industrial Mixed-Use
Listing Agency:
Colliers - Hot Springs
(501) 623-2200
Listed By:
Karolyn Fankhouser · License #EB00044496
(501) 627-2141
Source:
Moodyscre
Added: May 6, 2025
Changed: Sep 6
Last Checked: Sep 13 at 8:14AM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes retail space and office space under one ownership. The total building size is 35,898 SF, made up of 22,140 SF of retail and 13,758 SF of office. The property is listed as handicap accessible and includes a large parking lot suitable for customer or employee use. Co-tenants include Family Dollar and KED Plasma.
The building is located just north of Grand Avenue near the heart of downtown Hot Springs. It is within walking distance of city transit, the Hot Springs Convention Center, and the Greenway Trail.
The property is zoned Industrial Mixed-Use, supporting a range of commercial uses consistent with the zoning designation.
The building is located just north of Grand Avenue near the heart of downtown Hot Springs. It is within walking distance of city transit, the Hot Springs Convention Center, and the Greenway Trail.
The property is zoned Industrial Mixed-Use, supporting a range of commercial uses consistent with the zoning designation.
Key Highlights
- Total building size: 35,898 SF, including 22,140 SF retail and 13,758 SF office
- Multi‑tenant building on +/- 2.92 acres, located just north of Grand Avenue near downtown Hot Springs
- Zoned Industrial Mixed‑Use
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
Explore this area
Business Placement
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant building offering retail and office space with handicap accessibility and a large parking lot.
Where is this office building 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: Total building size: 35,898 SF, including 22,140 SF retail and 13,758 SF office; Multi‑tenant building on +/- 2.92 acres, located just north of Grand Avenue near downtown Hot Springs; Zoned Industrial Mixed‑Use
