Hot Springs, AR Commercial Real Estate for Sale

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Updated: Apr 21

Historic Downtown Theater and Event Venue

1008 CENTRAL Avenue, Hot Springs, AR 71901

$1,100,000

9,252 sqft

Historic downtown venue built in 1927 in the theatre, gallery & bathhouse district
Updated HVAC with dust‑free active technology, plus electrical, plumbing, low‑flow toilets, and water heater updates
Fire sprinkler system and burglar alarm, with smoke detectors and camera system included
Metal roof and accessible approach with ramp, plus handicapped design and public restrooms
Staged audio and lighting upgrades including new LED Chauvet lighting and JBL Pro Audio with all‑digital iLive

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1008 CENTRAL Avenue, Hot Springs, AR 71901

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$98K
Annual
Price @ 7% Cap

$1.4M
Above asking
Last Sold

Dec 2020
$202K
Property Type

Theater (Movie)
Built 1927

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Updated: Jul 1

Restaurant and Bar Building with Parking

101 Central Avenue, Hot Springs, AR 71901

$1,350,000

4,125 sqft 0.41 AC lot

Commercial building built in 1960 with a metal roof
Approximately 0.40 acres with 150 ft of frontage on Central Avenue in downtown Hot Springs
Spacious upper and lower levels offering versatile commercial space
Located on Central Avenue directly across from the former Majestic Hotel redevelopment site
Includes a large private parking lot for customer and tenant parking

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Downtown Restaurant and Bar Building

101 CENTRAL Avenue, Hot Springs, AR 71901

$1,350,000

4,125 sqft 0.40 AC lot

Landmark restaurant and bar building with upper and lower levels, 150 feet of frontage, and a private parking lot.

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Two Updated Commercial Buildings

207 & 209 GOLF LINKS Road, Hot Springs, AR 71901

$799,000

3,974 sqft 0.52 AC lot

Two updated buildings include a flexible interior space and a three-bay auto service setup with lifts and overhead door.

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Historic Bed-and-Breakfast on 5.41 Acres

2009 Park Ave, Hot Springs, AR 71901

$1,850,000

7,176 sqft 5.41 AC lot

Restored 1910 Craftsman bed-and-breakfast bordering Hot Springs National Park.

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Two-Building Commercial Office Property

202 & 212 3RD Street, Hot Springs, AR 71913

$299,000

11,220 sqft 0.26 AC lot

Move-in-ready office space plus an adjacent two-story building, with shared parking in a high-traffic area.

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Commercial Development Land with Adjacent Lot

1906 Central Avenue, Hot Springs, AR 71901

$1,250,000

35,706 sqft 0.81 AC lot

Commercially zoned lot on Central Avenue with an adjoining lot included for added development flexibility.

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Regional Commercial Development Land

1873 E GRAND AVE, Hot Springs National Park, AR 71901

$650,000

6,900 sqft 16.03 AC lot

Commercial land with utilities on site and substantial frontage for high-visibility retail or service development.

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Regional Commercial Development Land

1873 E Grand, Hot Springs, AR 71901

$650,000

6,900 sqft 16.03 AC lot

16.03-acre site with utilities on-site and 492 feet of frontage on East Grand Service Road.

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Historic Bed-and-Breakfast on 5.41 Acres

2009 PARK Avenue, Hot Springs, AR 71901

$1,850,000

7,176 sqft 5.41 AC lot

Restored 1910 Craftsman-style bed-and-breakfast bordering Hot Springs National Park.

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Downtown Mixed-Use Commercial Building

1001 Central Ave, Hot Springs, AR 71901

$725,000

3,915 sqft

Downtown retail/office building with dedicated parking, frontage on Central Avenue, and two flexible suites.

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Restaurant with Commercial Kitchen

4263 CENTRAL Avenue, Hot Springs, AR 71913

$2,500,000

4,832 sqft 0.10 AC lot

Restaurant property in the CBD Central Business District, offered with a $500,000 kitchen remodel allowance after a fire.

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Downtown Hot Springs Mixed-Use Building

1010 CENTRAL Avenue, Hot Springs, AR 71901

$2,150,000

22,083 sqft

22,000+ sqft mixed-use building in the heart of Hot Springs.

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Downtown Hot Springs Retail Property

318 Quapaw Avenue, Hot Springs, AR 71901

$774,900

4,284 sqft

Retail property for sale in downtown Hot Springs.

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Historic Hot Springs Bed & Breakfast

318 Quapaw Avenue, Hot Springs, AR 71901

$774,900

4,284 sqft 0.22 AC lot

Well-maintained 1905 home near downtown Hot Springs.

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Regional Commercial Development Land

1873 & 1875 E GRAND, Hot Springs, AR 71901

$650,000

6,900 sqft 16.03 AC lot

Regional commercial land offers approximately 492 feet of frontage with utilities available on site.

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Corner Lot Multi-Level Office Building

5380 Central Avenue, Hot Springs, AR 71913

$500,000

4,249 sqft

Five-level office building with covered entrances, built-in work areas, and separate lower-level exterior access.

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Restaurant and Bar Building

4977 ALBERT PIKE Road, Hot Springs, AR 71913

$250,000

2,594 sqft 0.97 AC lot

Former bar and grill on a corner lot with indoor dining, bar area, kitchen, and outdoor seating.

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Historic Downtown Retail and Office

348 CENTRAL Avenue, Hot Springs, AR 71901

$1,395,000

8,400 sqft

Street-level retail with expansive display windows plus a second-floor level with original features and redevelopment flexibility.

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Retail Strip Center with Flex Unit

520 E GRAND Avenue, Hot Springs, AR 71901

$193,000

7,930 sqft

Retail strip center includes three units and an attached garage-door flex section with separate electric and gas meters.

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Medical Office Building with Parking

711 Albert Pike Road, Hot Springs, AR 71913

$375,000

1,680 sqft

Former chiropractic clinic features five private treatment rooms, separate entry/exit, and a fully finished basement with fenced yard.

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Versatile Commercial Property in Hot Springs

140 Amity Rd, Hot Springs, AR 71913

$385,000

2,476 sqft 1.00 AC lot

Turnkey commercial property with high visibility and flexible business potential.

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Medical Office Space For Sale

1 Mercy Ln, Hot Springs, AR 71913

$689,000

3,893 sqft

Medical office space in a bustling Hot Springs corridor.

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Shopping Center with Leased Suites

5401 CENTRAL, Hot Springs, AR 71913

$2,200,000

17,248 sqft 1.38 AC lot

Shopping center with metal storefronts, ACM panels and stone, with 10 of 11 suites leased.

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Hot Springs, AR Commercial Real Estate Market Trends and Statistics

Explore 173 commercial real estate for sale in Hot Springs, AR, showcased through 173 active listings on our real estate platform. These investment opportunities span a total of 2,433,858 square feet of properties for sale, with an estimated market value of $84,917,374.

Sale prices for business properties in Hot Springs, AR start at $99,000, averaging $1,102,823, and reaching up to $4,939,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 95K

Population Growth (5Y) +5.1%

Median Household Income $57,120

College Educated 14.7%

High-Yield Neighborhoods for Investment

Identify Hot Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Hot Springs National Park	$705.7K
Hot Springs Village	$2M
Royal	$4.5M

Listings Trend

New vs delisted commercial listings in Garland County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Hot Springs fall within the 100,000+ square foot range.

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