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Retail Building with Drive-In Basement
For Sale
$2,500,000

225 Malvern Avenue, Hot Springs, AR 71901

The 1969 property combines street-level space with an upper floor and basement.

Property Size42,000 SF
Price / SF$59.52
Days on Market1392

Property Features for 225 Malvern Avenue

General Information

Standard status Active
Size 42,000 SF
Property subtype Commercial
Zoning RN-1 Res Nbhd 1 District

Additional Details

Opportunity Zone Yes

Amenities

Dumpster
Loading Dock

Building Details

Building Size 42,000 SF
Year Built 1969
Buildings 1
Listing Agency: Southern Realty Of Hot Springs
Listed By: Pamela Bates · License #00044089
Source: Esqbrokers
Added: Jan 2, 2023 Changed: Oct 23 Last Checked: Oct 23 at 4:02PM

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 Southern Realty Of Hot Springs

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Investment Insights

Based on property information with market context.

This multi-level retail property contains approximately 42,000 square feet, including more than 19,000 square feet at street level. An upper floor and basement add to the building’s configuration, with four rear bay doors and a basement drive-in. The roof was replaced in 2020.

In downtown Hot Springs, the property is steps from the Convention Center and next to public parking. Additional parking is located half a block away. The site is zoned RN-1 Res Nbhd 1 District.

Key Highlights

  • Approximately 42,000 sq. ft. building
  • Street level has over 19,000 sq ft, with an upper level and basement
  • Four bay doors at the rear and a drive‑in basement

Property Analytics

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Current Use

Kleen Linens of Arkansas (Bike/Boat/Book/etc) Store Golden Benefit Insurance Insurance Agency

Suggested Use

Top Pick Storage Facility Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,507
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 56% Groceries 32% Beauty & Spa 12%
Embassy Suites By Hilton Hot Springs Hotel & Spa Hotels & Casinos
7,888 visits/mo 0.4 miles
Rocket Fizz Groceries
4,485 visits/mo 0.1 miles
Rock Paper Scissors Beauty & Spa
1,725 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The 1969 property combines street-level space with an upper floor and basement.
Where is this retail space located?
The property is located at 225 Malvern Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 42,000 sq. ft. building; Street level has over 19,000 sq ft, with an upper level and basement; Four bay doors at the rear and a drive‑in basement
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