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Established Restaurant Business
New
For Sale
$300,000

198 Carmona Road, Hot Springs Village, AR 71909

COMMERCIAL - Hot Springs Village, AR

Property Size3,500 SF
Price / SF$85.71
Days on Market4

Property Features for 198 Carmona Road

General Information

Property type Commercial Sale
Property subtype Other
Parking 33
Interior features Equipment (see remarks), Inventory (see remarks), Kitchen Area
Directions From the West gate Desoto Take a left on Carmona 1st left
Subdivision HOT SPRINGS VILLAGE (JESSIEVILLE
Standard status Active
Size 3,500 SF

Taxes and HOA fees

Tax Description Blk1 Lot 1 Old Carmona
Tax Annual Amount 400
Legal Description Blk1 Lot 1 Old Carmona

Building Details

Year built 1971
Floors in Building 1
Additional Structures See Remarks
Listing Agency: Hot Springs Village Real Estate
Listed By: Scott Perry
Added: Aug 4 Last Checked: Aug 7 at 9:06AM
MLS# 26031664

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.

This offering consists of an operating restaurant business with equipment, inventory, kitchen facilities, the established business name, and recipes. The restaurant has operated at the location for 18 years and occupies approximately 3,500 square feet in a building constructed in 1971.

The property is located at 198 Carmona Road in Hot Springs Village, Arkansas. The business sale does not include an existing lease assignment; a new lease must be negotiated with the landlord. Showings are available by appointment with the listing agent present.

Key Highlights

  • Restaurant business operating at the location for 18 years
  • Approximately 3,500 square feet of restaurant space
  • Equipment and inventory included in the offering

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Hair Salon HVAC Service Dental Office

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

103
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Regions Bank Shops & Services
2,268 visits/mo 0.0 miles

Demographics for 71909, AR

17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant business offered with equipment, inventory, kitchen facilities, name, and recipes.
Where is this conventional restaurant located?
The property is located at 198 Carmona Road Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Restaurant business operating at the location for 18 years; Approximately 3,500 square feet of restaurant space; Equipment and inventory included in the offering
More about this property
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