3-Bay Flex
For Sale
Contact for pricing
340 Park Ave, Hot Springs National Park, AR 71901
Updated commercial space combines service bays, office functions, and covered paved parking.
Property Size2,158 SF
Price / SF$106.12
Days on Market123
Property Features for 340 Park Ave
General Information
Standard status
Active
Size
2,158 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
2,158 SF
Listing Agency:
Colliers - Hot Springs
(501) 623-2200
Listed By:
Karolyn Fankhouser · License #EB00044496
(501) 627-2141
Source:
Moodyscre
Added: Jul 6
Changed: Nov 4
Last Checked: Nov 4 at 2:43PM
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 Colliers - Hot Springs
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Investment Insights
Based on property information with market context.
This 2,158-square-foot flex-space building offers a practical combination of service and administrative areas. The layout includes three bays equipped with overhead doors, along with a dedicated office and reception area. Recent improvements include a new roof, mini-split heating and air conditioning, and a tankless water heater. Covered, paved parking is also provided on the property.
The building occupies a visible corner position in Hot Springs’ Central Business District, with frontage along Highway 7, also known as Park Avenue. It is situated just north of Bathhouse Row and records approximately 13,000 vehicles per day, providing established roadway exposure for a range of commercial operations.
The building occupies a visible corner position in Hot Springs’ Central Business District, with frontage along Highway 7, also known as Park Avenue. It is situated just north of Bathhouse Row and records approximately 13,000 vehicles per day, providing established roadway exposure for a range of commercial operations.
Key Highlights
- 2,158sf flex‑space building with three bays and overhead doors
- New roof, mini split heat and air unit, and tankless water heater
- Dedicated office and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,202
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,040
$264.0K
Cap Rate 7%
$188,600
$188.6K
Cap Rate 9%
$146,689
$146.7K
Market Conditions
NOI Build-Up for 2,158 SF
Gross rent
$21.5K $9.96/SF
− Vacancy
−$1.2K −$0.55/SF
EGI
$20.3K $9.41/SF
− OpEx
−$7.1K −$3.29/SF
NOI
$13.2K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,040
Cap Rate 7%
$188,600
Cap Rate 9%
$146,689
Alternative Uses
Best Use
Flex RnD
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 5.77%
Second Best
Warehouse
$119.7K
$104.8K – $139.7K
NOI $8,382 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$394.7K
$345.3K – $460.4K
NOI $27,626 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Muffin Snack Shack — 301 Autumn St, Hot Springs, AR 71901
- Smoked Craft BBQ — 315 Park Ave, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial space combines service bays, office functions, and covered paved parking.
Where is this flex space located?
The property is located at 340 Park Ave Hot Springs National Park, AR.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2,158sf flex‑space building with three bays and overhead doors; New roof, mini split heat and air unit, and tankless water heater; Dedicated office and reception area
