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Retail Space Near Convention Center
For Lease
$4,975/Mo

249 Ouachita Ave, Hot Springs, AR 71901

Commercial storefront space positioned among retail shops, restaurants, wine bars, and nightlife uses.

Space Size4,704 SF
Days on Market332

Property Features for 249 Ouachita Ave

General Information

Standard status Active
Size 4,704 SF
Net Rentable 4,704 SF

Space & Availability

Available Space 4,704 SF
Contiguous Space 4,704 SF

Taxes and HOA fees

Annual Taxes $9,091
Listing Agency: Coldwell Banker RPM Group-Hot
Listed By: Todd Woerpel
Source: Exprealty
Added: Oct 29, 2025 Changed: Sep 23 Last Checked: Sep 24 at 1:01PM

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 Coldwell Banker RPM Group-Hot

Investment Insights

Based on property information with market context.

This 4,704-square-foot retail space is situated within an active commercial setting that includes retail shops, restaurants, wine bars, and nightlife venues. The property offers a storefront-oriented format for businesses seeking space in an established retail and entertainment district.

The site is one block from historic downtown Hot Springs National Park and within a short walk of a major convention center. Its surrounding mix of visitor-oriented and evening businesses provides a distinct downtown-adjacent setting for retail or related commercial occupancy.

Key Highlights

  • 4,704‑square‑foot retail space
  • One block from historic downtown Hot Springs National Park
  • Short walk to a major convention center

Property Analytics

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Current Use

Mountain Valley Armory Gun Shop

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility Butcher Pet Store & Service Mobile Phone 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.

Lease Details

NNN (Triple Net)
Lease Type
$1.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,665
Businesses Nearby
75k
Monthly Visits Nearby

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
View Realmo Analytics

Market

Lease Benchmarks for Hot Springs, AR

$20.4 /SF/Yr
Avg Asking Price
$10.43–$32.11 /SF/Yr
Price Range
2,006 SF
Avg Space Size

This space is priced 38% below the average of $20.4 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial storefront space positioned among retail shops, restaurants, wine bars, and nightlife uses.
Where is this retail space located?
The property is located at 249 Ouachita Ave Hot Springs, AR.
What is the lease rate?
The lease rate is $4,975/Mo.
What are key features of this property?
This property features: 4,704‑square‑foot retail space; One block from historic downtown Hot Springs National Park; Short walk to a major convention center
More about this property
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