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Knickerbocker Mixed-Use Building
For Sale
$250,000

228 Prospect Ave, Hot Springs, AR 71901

Commercially zoned property with transferable plans and potential for a city-approved short-term rental use.

Property Size7,520 SF
Price / SF$33.24
Days on Market15

Property Features for 228 Prospect Ave

General Information

Standard status Active
Size 7,520 SF

Building Details

Year Built 1890
Listing Agency: McGraw Realtors - HS
Listed By: Susan Bariola
Source: Pcsingtolittlerock
Added: Aug 21 Changed: Aug 29 Last Checked: Sep 1 at 10:54PM

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 McGraw Realtors - HS

Investment Insights

Based on property information with market context.

Known as the Knickerbocker Building, this 7,520-square-foot mixed-use property occupies 228 Prospect Avenue in Hot Springs, Arkansas. The building carries architectural character and is positioned for restoration, redevelopment, or continued commercial use. Commercial zoning supports a range of potential applications, while any short-term rental licensing or permitting remains subject to city approval.

Plans for the property convey with the sale, providing design and development materials for the next owner. The building can support a range of concepts, including a boutique short-term rental, mixed-use project, or other commercial venture, subject to applicable approvals and the final scope of work.

Key Highlights

  • 7,520‑square‑foot mixed‑use property at 228 Prospect Avenue
  • Known as the Knickerbocker Building
  • Commercial zoning supports multiple potential applications

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Florist Pet Grooming Service Mobile Phone Store Carpet & Flooring Store

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

1,463
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned property with transferable plans and potential for a city-approved short-term rental use.
Where is this mixed-use property located?
The property is located at 228 Prospect Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 7,520‑square‑foot mixed‑use property at 228 Prospect Avenue; Known as the Knickerbocker Building; Commercial zoning supports multiple potential applications
More about this property
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