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 Market31
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) 627-2141
Listed By:
Karolyn Fankhouser · License #EB00044496
(501) 627-2141
Source:
Moodyscre
Added: Jul 6
Changed: Aug 3
Last Checked: Aug 4 at 10:32AM
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
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 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 | $25.9k | $12.00 |
| − Vacancy | −$1.6k | −$0.72 |
| EGI | $24.3k | $11.28 |
| − OpEx | −$7.3k | −$3.38 |
| NOI | $17.0k | $7.90 |
2,158 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$243.4K
$213.0K – $284.0K
NOI $17,040 @ 7.0% cap · market cap 7.44%
Second Best
Flex RnD
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 5.77%
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.
Property Analytics
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
