Listing Agency: ESQ. Realty Group b***@esqbrokers.com Show Phone

Listed By: Ismael Aguirre-Rivera · License #SA00097518 Show Phone

Source: Exprealty

Added: Jun 23 Changed: Oct 11 Last Checked: Oct 21 at 2:09AM

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Investment Insights

Based on property information with market context.

A commercial retail suite is available for lease within Oaklawn Plaza, positioned in front of Oaklawn Hotel and Casino along Central Avenue. The space offers approximately 850 square feet of retail/office/liquor-compatible buildout within a high-activity plaza setting.

Oaklawn Plaza is described as a premium retail, office, and liquor location on Central Avenue, surrounded by restaurants, hotels, and growing residential communities. Public remarks also cite estimated 40,000+ vehicles per day between Central Avenue and Higdon Ferry Road, with 24/7 business and tourist traffic facilitated by Vineyard St.

The suite is next to Sonic, with public remarks referencing 56.7K monthly visits.

Key Highlights

• Retail suite for lease in Oaklawn Plaza with high‑visibility placement in front of Oaklawn Hotel and Casino
• On Central Avenue, described as part of Hot Springs’ highest trafficked central avenue corridor
• Estimated 40,000+ vehicles per day between Central Avenue and Higdon Ferry Road, with traffic connected via Vineyard St

Property Analytics

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Current Use

D&V Crystals, Gifts ... (Bike/Boat/Book/etc) Store Backwoods Bougie (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center Catering Service

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

40,000 VPD

Traffic count

Yes

Paved road access

NNN (Triple Net)

Lease Type

$3.71 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 72941, AR

5,079

Population

2,043

Households

2.5

Avg Household Size

41

Median Age

16%

College-Educated

93%

High-School Grad

43.4 sq mi

ZIP Area

117

Density / Sq Mi

$77,292

Median Household Income

$37,540

Median Earnings

$889

Median Rent

$159,600

Median Home Value

Market

Lease Benchmarks for Hot Springs, AR

$21.46 /SF/Yr

Avg Asking Price

$10.43–$32.11 /SF/Yr

Price Range

1,421 SF

Avg Space Size

This space is priced 15% above the average of $21.46 /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 - Retail suite in Oaklawn Plaza with high-visibility placement in front of Oaklawn Hotel and Casino.

Where is this retail space located?

The property is located at 2918 Central Ave Hot Springs, AR.

What is the lease rate?

The lease rate is $1,750/Mo.

What are key features of this property?

This property features: Retail suite for lease in Oaklawn Plaza with high‑visibility placement in front of Oaklawn Hotel and Casino; On Central Avenue, described as part of Hot Springs’ highest trafficked central avenue corridor; Estimated 40,000+ vehicles per day between Central Avenue and Higdon Ferry Road, with traffic connected via Vineyard St