Storefront Retail Space for
320 CENTRAL Avenue Hot Springs, AR 71901
320 CENTRAL Avenue, Hot Springs, AR, 71901
$675,000
For Sale
$675,000
For sale storefront retail property totaling 2,604 square feet, located at 320 Central Avenue in Hot Springs.
Property Size2,604 SF
Price / SF$259.22
Days on Market168
Property Features for 320 CENTRAL Avenue
General Information
- Standard status
- Active
- Size
- 2,604 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
Ron Cheeks Real Estate Group
(317) 542-7653
Listed by
Ronald Cheeks · License #RB14028299
Source
Xome
Added: Feb 4 Updated: Jul 21 at 1:03AM Checked: Jul 22 at 3:48AM
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 Ron Cheeks Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale storefront retail property totals 2,604 square feet and offers a straightforward retail setup suited to neighborhood-serving commercial use.
The property is located at 320 Central Avenue in Hot Springs, Arkansas. It is presented as a retail space opportunity within a commercial corridor along Central Avenue, with the convenience of a direct storefront presence for prospective tenants and buyers.
The property is located at 320 Central Avenue in Hot Springs, Arkansas. It is presented as a retail space opportunity within a commercial corridor along Central Avenue, with the convenience of a direct storefront presence for prospective tenants and buyers.
Key Highlights
- 2,604 SF storefront retail property for sale at 320 Central Avenue in Hot Springs
- Zoned CBD Central Bus. District
- Year built: 1920
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $12.00 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $29.4k | $11.28 |
| − OpEx | −$8.8k | −$3.38 |
| NOI | $20.6k | $7.90 |
2,604 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$293.7K
$257.0K – $342.7K
NOI $20,561 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,335 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tombstone Old Time ...
Photography Service
Similar For Sale Nearby
Similar Off Market Nearby
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
FAQs
What type of property is this?
Storefront property - For sale storefront retail property totaling 2,604 square feet, located at 320 Central Avenue in Hot Springs.
Where is this storefront property located?
The property is located at 320 CENTRAL Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,604 SF storefront retail property for sale at 320 Central Avenue in Hot Springs; Zoned CBD Central Bus. District; Year built: 1920
