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Shopping Center with Available Suite
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2002-2038 Central Avenue, Hot Springs, AR 71901

Commercial / Industrial, Hot Springs, AR

Property Size33,325 SF
Lot Size1.45 Acres
Price / SF$0.00
Days on Market457

Property Features for 2002-2038 Central Avenue

General Information

Property type Residential
Property subtype Retail
Directions West side of Central Avenue, bounded by Manor Circle on the North and the South.
Subdivision HOT SPRINGS SCHOOL DISTRICT
Standard status Active
Size 33,325 SF
Lot size 1.45 Acres

Taxes and HOA fees

Tax Description Block 001 Lot 014
Tax Annual Amount 7529
Legal Description Block 001 Lot 014

Building Details

Year built 1950
Floors in Building 1
Listing Agency: White Stone Real Estate
Listed By: Dane Thomson
Added: Jun 23, 2025 Changed: Aug 27 Last Checked: Sep 22 at 12:06PM
MLS# 25025172

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.

Freeman Center is a 33,325-square-foot shopping center at 2002-2038 Central Avenue in Hot Springs, Arkansas. Built in 1950, the property occupies 1.45 acres and includes one available suite, Suite 2010, measuring 5,608 square feet.

The center provides parking for tenants and visitors and is located minutes from Oaklawn. The existing retail-center configuration offers an established commercial setting for occupancy within a larger property.

Key Highlights

  • 5,608‑square‑foot Suite 2010 available
  • 33,325‑square‑foot shopping center
  • 1.45‑acre property at 2002‑2038 Central Avenue

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Pharmacy Storage Facility Locksmith (Bike/Boat/Book/etc) Store Butcher Skin Care Clinic

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

601
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 70% Hotels & Casinos 27% Shops & Services 4%
Waffle House Dining
6,367 visits/mo 0.1 miles
Best Western Winners Circle Hotels & Casinos
2,697 visits/mo 0.5 miles
Sam's Southern Eatery Dining
1,726 visits/mo 0.1 miles
Liberty Tax Shops & Services
413 visits/mo 0.2 miles
Days Inn Hot Springs Hotels & Casinos
387 visits/mo 0.2 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

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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Similar Off Market Nearby

  • Coin Cloud Bitcoin ATM 1600 Central Ave, Hot Springs, AR 71901

Frequently Asked Questions

What type of property is this?
Shopping center - Established retail center with parking for tenants and visitors.
Where is this shopping center located?
The property is located at 2002-2038 Central Avenue Hot Springs, AR.
What are key features of this property?
This property features: 5,608‑square‑foot Suite 2010 available; 33,325‑square‑foot shopping center; 1.45‑acre property at 2002‑2038 Central Avenue
More about this property
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