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Retail Storefront with Shell Space
For Lease
$2,717/Mo

155 Carpenter Dam Road, Hot Springs, AR 71901

Commercial / Industrial, Built to Suit, Hot Springs, AR

Space SizeContact for details
Lot Size1.14 Acres
Days on Market233

Property Features for 155 Carpenter Dam Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Central Business, Highway Service, General Office
Parking 60
Interior features Public Restrooms
Subdivision Not in Subdivision
Lot features Level
Directions From HSBOR, turn R on Orange St, R on Broadway, L on West Grand, R on US-270-BUS/E Malvern Ave, R toward Reese Way, R onto Reese Way, destination on the right.
Standard status Active
Size 1,427 SF
Lot size 1.14 Acres

Taxes and HOA fees

Tax Description Block/Lot 001/004
Legal Description Block/Lot 001/004

Building Details

Year built 2023
Floors in Building 1
Flooring type Concrete
Roof type Metal
Architectural style Other
Listing Agency: McGraw Realtors - HS
Listed By: Ashley Layfield
Added: Feb 4 Changed: Sep 6 Last Checked: Sep 25 at 5:06AM
MLS# 26004445

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2023, this 1,427-square-foot storefront property offers a vacant shell interior suited to retail or restaurant use. The space includes concrete flooring and public restrooms, with a metal roof serving the building. Flexible build-out potential is available for a qualified tenant, subject to landlord approval.

The property occupies 1.14 acres at 155 Carpenter Dam Road in Hot Springs, Arkansas. It is positioned at the intersection of Malvern Ave and Carpenter Dam Rd and lies within the Lakeside School District. Tenant improvement allowance terms are subject to landlord approval.

Key Highlights

  • 1,427 SF vacant shell space
  • 1.14‑acre commercial property at 155 Carpenter Dam Road
  • Retail or restaurant use supported by the source listing

Property Analytics

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Current Use

Subway Take-out & Catering SCT Physical Therapy Physician Spa City Therapy ... Medical Clinic

Suggested Use

Top Pick Auto Repair Shop Restaurant Pharmacy HVAC Service Kitchen & Bath Showroom Storage Facility

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

Lease Details

NNN (Triple Net)
Lease Type
$3.43 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

214
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 99% Dining 1%
Shell Shops & Services
10,809 visits/mo 0.2 miles
Arvest Bank Shops & Services
4,321 visits/mo 0.2 miles
Daylight Donuts Dining
123 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Hot Springs, AR

$20.4 /SF/Yr
Avg Asking Price
$10.43–$32.11 /SF/Yr
Price Range
1,799 SF
Avg Space Size

This space is priced 12% above the average of $20.4 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Vacant commercial space with concrete flooring, public restrooms, and flexible build-out potential.
Where is this storefront property located?
The property is located at 155 Carpenter Dam Road Hot Springs, AR.
What is the lease rate?
The lease rate is $2,717/Mo.
What are key features of this property?
This property features: 1,427 SF vacant shell space; 1.14‑acre commercial property at 155 Carpenter Dam Road; Retail or restaurant use supported by the source listing
More about this property
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