For-Sale Retail Storefront
420 CENTRAL Avenue Hot Springs, AR 71901
For Sale
$1,725,000
Retail storefront property available for sale at 420 CENTRAL Avenue in Hot Springs, AR.
Property Size18,536 SF
Price / SF$93.06
Days on Market190
Property Features for 420 CENTRAL Avenue
General Information
- Standard status
- Active
- Size
- 18,536 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1930
Listing Agency:
Ron Cheeks Real Estate Group
(317) 542-7653
Listed By:
Ronald Cheeks · License #RB14028299
Source:
Xome
Added: Jan 14
Changed: Jul 23
Last Checked: Jul 23 at 8:22AM
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 retail storefront property is located at 420 CENTRAL Avenue in Hot Springs, Arkansas. The offering is positioned for businesses seeking a dedicated retail space in a storefront format.
Additional property details beyond the address and general retail/storefront classification were not provided. For complete underwriting information, interested parties should request the full marketing package, including unit layout, condition, and any available site or building specifications.
Additional property details beyond the address and general retail/storefront classification were not provided. For complete underwriting information, interested parties should request the full marketing package, including unit layout, condition, and any available site or building specifications.
Key Highlights
- Retail storefront property for sale at 420 CENTRAL Avenue in Hot Springs, AR
- Zoned CBD (Central Business District)
- Year built: 1930
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 | $222.4k | $12.00 |
| − Vacancy | −$13.3k | −$0.72 |
| EGI | $209.1k | $11.28 |
| − OpEx | −$62.7k | −$3.38 |
| NOI | $146.4k | $7.90 |
18,536 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,360 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.95M
NOI $237,290 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Puttin On the Glitz
Clothing & Fashion Store
Similar Off Market Nearby
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
FAQs
What type of property is this?
Storefront property - Retail storefront property available for sale at 420 CENTRAL Avenue in Hot Springs, AR.
Where is this storefront property located?
The property is located at 420 CENTRAL Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Retail storefront property for sale at 420 CENTRAL Avenue in Hot Springs, AR; Zoned CBD (Central Business District); Year built: 1930
