Retail Storefront Near
For Sale
Contact for pricing
249 Ouachita Ave, Hot Springs, AR 71901
Modern retail space positioned among shops, restaurants, wine bars, nightlife, and other established commercial activity.
Property Size4,704 SF
Price / SF$1.06
Days on Market85
Property Features for 249 Ouachita Ave
General Information
Standard status
Active
Size
4,704 SF
Building Details
Year Built
2017
Listing Agency:
CBRPM Hot Springs
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Pcsingtolittlerock
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 21 at 12:02AM
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 CBRPM Hot Springs
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Investment Insights
Based on property information with market context.
This 4,704-square-foot storefront was built in 2017 and is offered for sale as retail space. The property is situated within an active commercial setting that includes retail shops, restaurants, wine bars, and nightlife uses.
The building is located at 249 Ouachita Ave, one block from historic downtown Hot Springs National Park and within walking distance of the state's busiest convention center. Its placement near downtown-oriented activity and convention traffic supports a range of retail and customer-facing commercial uses.
The building is located at 249 Ouachita Ave, one block from historic downtown Hot Springs National Park and within walking distance of the state's busiest convention center. Its placement near downtown-oriented activity and convention traffic supports a range of retail and customer-facing commercial uses.
Key Highlights
- 4,704‑square‑foot retail storefront
- Constructed in 2017
- One block from historic downtown Hot Springs National Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,860
$742.9K
Cap Rate 7%
$530,614
$530.6K
Cap Rate 9%
$412,700
$412.7K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$56.4K $12.00/SF
− Vacancy
−$3.4K −$0.72/SF
EGI
$53.1K $11.28/SF
− OpEx
−$15.9K −$3.38/SF
NOI
$37.1K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,860
Cap Rate 7%
$530,614
Cap Rate 9%
$412,700
Alternative Uses
Best Use
Retail
$530.6K
$464.3K – $619.1K
NOI $37,143 @ 7.0% cap · market cap 746.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.3K
$752.7K – $1.00M
NOI $60,219 @ 7.0% cap · market cap 1,210.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 11%
Groceries 6%
McDonald's
Dining
18,055 visits/mo
0.5 miles
Burger King
Dining
9,887 visits/mo
0.2 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,905 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Elegant Gunk — Hot Springs, AR 71913
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Storefront property - Modern retail space positioned among shops, restaurants, wine bars, nightlife, and other established commercial activity.
Where is this storefront property located?
The property is located at 249 Ouachita Ave Hot Springs, AR.
What are key features of this property?
This property features: 4,704‑square‑foot retail storefront; Constructed in 2017; One block from historic downtown Hot Springs National Park
