Shopping Center Redevelopment
For Sale
Contact for pricing
4501 Central Ave, Hot Springs, AR 71913
Large retail complex with established mall tenants, entertainment uses, and multiple repositioning paths.
Property Size420,968 SF
Days on Market145
Property Features for 4501 Central Ave
General Information
Standard status
Active
Size
420,968 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Dillard's, JCPenney
Building Details
Tenancy
Multi
Listing Agency:
Franklin Street Atlanta
Listed By:
Bryan Belk
(404) 842-1755
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:27PM
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 Franklin Street Atlanta
Investment Insights
Based on property information with market context.
Uptown Hot Springs is a shopping center redevelopment property at 4501 Central Ave in Hot Springs, Arkansas. The asset includes 420,968 SF of building area across more than 40 acres held in one parcel. Existing occupancy includes national shop tenants such as American Eagle, Bath & Body Works, Hibbett Sports, Shoe Show, Claire's, Spencer's Gifts, Journeys, and Rue 21, along with entertainment users including Five Tool Academy.
Dillard's owns its 6.06-acre parcel, while JCPenney and Dillard's are identified as participants in redevelopment planning. The property may support repositioning through selective demolition, new development, or leasing currently occupied spaces. Potential redevelopment concepts identified for the site include additional retail, hotel, and multifamily uses. Hot Springs National Park attracts more than 2.1M visitors annually, and the city also includes Oaklawn, Magic Springs/Crystal Falls, Garvan Woodland Gardens, and other tourism and arts destinations.
Dillard's owns its 6.06-acre parcel, while JCPenney and Dillard's are identified as participants in redevelopment planning. The property may support repositioning through selective demolition, new development, or leasing currently occupied spaces. Potential redevelopment concepts identified for the site include additional retail, hotel, and multifamily uses. Hot Springs National Park attracts more than 2.1M visitors annually, and the city also includes Oaklawn, Magic Springs/Crystal Falls, Garvan Woodland Gardens, and other tourism and arts destinations.
Key Highlights
- 420,968 SF of building area across more than 40 acres on one parcel
- Existing national retail tenants include American Eagle, Bath & Body Works, Hibbett Sports, and Journeys
- Entertainment occupancy includes Five Tool Academy
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
231k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 34%
Dining 26%
Hotels & Casinos 3%
Dillard's
Apparel
43,912 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
40,715 visits/mo
0.5 miles
Ross Dress for Less
Apparel
24,582 visits/mo
0.4 miles
JCPenney
Apparel
18,409 visits/mo
0.2 miles
SONIC Drive In
Dining
15,564 visits/mo
0.3 miles
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Large retail complex with established mall tenants, entertainment uses, and multiple repositioning paths.
Where is this shopping center located?
The property is located at 4501 Central Ave Hot Springs, AR.
What are key features of this property?
This property features: 420,968 SF of building area across more than 40 acres on one parcel; Existing national retail tenants include American Eagle, Bath & Body Works, Hibbett Sports, and Journeys; Entertainment occupancy includes Five Tool Academy
