Historic Office
New
For Sale
$595,000
1700 Central Avenue, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Property Size4,487 SF
Lot Size0.34 Acres
Price / SF$132.61
Days on Market3
Property Features for 1700 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
20
Interior features
Public Restrooms, Smoke Detector, Video Surveillance
Exterior features
Outside Storage Area, Pole Sign, Storage Building, Video Surveillance
Lot features
Corner Lot
Directions
From HSBOR turn right onto orange st. then take a right onto Central Ave. Property is located down on the right at the intersection of Watts St. and Central Ave.
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
Size
4,487 SF
Lot size
0.34 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
Lots 1-2
Tax Annual Amount
2427
Legal Description
Lots 1-2
Amenities
hardwood floors
original stained-glass windows
Building Details
Year built
1933
Floors in Building
1
Flooring type
Tile, Wood
Roof type
Composition
Additional Structures
Storage
Buildings
1
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Tara Jane Norwood · License #EB00082230
(501) 802-1755
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 3 at 7:06PM
MLS# 26043959
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.
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Investment Insights
Based on property information with market context.
This 4,487-square-foot, single-story office property occupies a 0.34-acre parcel in Hot Springs. Its Mission Revival design was added to the National Register of Historic Places in 2015. The interior includes an open plan alongside several private offices, hardwood floors, original stained-glass windows, and public restrooms. A separate storage building and outside storage area are also present.
The property has 100 feet of frontage on Central Avenue (Hwy 7), where reported traffic is 21,000 vehicles per day. The building is vacant and available for immediate occupancy.
The property has 100 feet of frontage on Central Avenue (Hwy 7), where reported traffic is 21,000 vehicles per day. The building is vacant and available for immediate occupancy.
Key Highlights
- 4,487‑square‑foot, single‑story office building
- 0.34‑acre parcel
- 100 feet of frontage on Central Avenue (Hwy 7)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,081
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,620
$861.6K
Cap Rate 7%
$615,443
$615.4K
Cap Rate 9%
$478,678
$478.7K
Market Conditions
NOI Build-Up for 4,487 SF
Gross rent
$64.6K $14.40/SF
− Vacancy
−$7.2K −$1.60/SF
EGI
$57.4K $12.80/SF
− OpEx
−$14.4K −$3.20/SF
NOI
$43.1K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,620
Cap Rate 7%
$615,443
Cap Rate 9%
$478,678
Alternative Uses
Best Use
Office B
$615.4K
$538.5K – $718.0K
NOI $43,081 @ 7.0% cap · market cap 7.24%
Second Best
Retail
$506.1K
$442.9K – $590.5K
NOI $35,429 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$820.6K
$718.0K – $957.4K
NOI $57,441 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Datamax Inc. - Hot Springs — 317 3rd St, Hot Springs, AR 71913
- Computer Store — 123 3rd St, Hot Springs, AR 71913
- Pinnacle IT — 659 Ouachita Ave Suite D, Hot Springs, AR 71901
- Spa City Computerworks — 225 Woodbine St, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Office space - An adaptable interior combines open work areas, private offices, hardwood flooring, and original stained-glass windows.
Where is this office space located?
The property is located at 1700 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,487‑square‑foot, single‑story office building; 0.34‑acre parcel; 100 feet of frontage on Central Avenue (Hwy 7)
