Historic Mixed-Use
For Sale
$250,000
228 Prospect Avenue, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Property Size7,520 SF
Lot Size0.19 Acres
Price / SF$33.24
Days on Market263
Property Features for 228 Prospect Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Head north on Orange St toward Central Ave. Turn right onto Central Ave. Continue straight to Prospect Ave. Turn left onto Prospect Ave. 228 Prospect Ave will be on your right
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
Size
7,520 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Block/Lot000/001
Tax Annual Amount
274
Legal Description
Block/Lot000/001
Building Details
Year built
1890
Floors in Building
3
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Susan Bariola
(501) 350-6562
Added: Jan 16
Changed: Oct 5
Last Checked: Oct 6 at 9:06AM
MLS# 26003458
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.
At 228 Prospect Avenue in Hot Springs, the Knickerbocker Building is a mixed-use property dating to 1890. The building contains 7,520 square feet on a 0.19-acre parcel and is zoned commercial. Plans valued at $60,000 will transfer with the sale.
The property’s commercial zoning allows flexibility in considering future uses. Short-term rental licenses and permits may be pursued, subject to city approval.
The property’s commercial zoning allows flexibility in considering future uses. Short-term rental licenses and permits may be pursued, subject to city approval.
Key Highlights
- 7,520‑square‑foot building on a 0.19‑acre parcel
- Built in 1890
- Commercial zoning
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports a range of potential uses, with short-term rental licensing subject to city approval.
Where is this mixed-use property located?
The property is located at 228 Prospect Avenue 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 building on a 0.19‑acre parcel; Built in 1890; Commercial zoning
