CBD Storefront
For Lease
$800/Mo
516 Park Ave, Hot Springs, AR 71901
Central Business District storefront near the heart of Hot Springs with prior hair salon use.
Space SizeContact for details
Days on Market9
Property Features for 516 Park Ave
General Information
Standard status
Active
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$176
Listing Agency:
CBRPM Hot Springs
(501) 525-7355
Listed By:
Sean Edds · License #SA00080170
(501) 617-0636
Source:
Exprealty
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 2:47PM
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 CBRPM Hot Springs
Investment Insights
Based on property information with market context.
Located at 516 Park Ave in Hot Springs, this storefront space is designated within the Central Business District (CBD). The property was most recently used as a hair salon, providing a commercial setting suited to continued service-oriented use or another compatible business format.
Its position near the heart of Hot Springs places the space within the city’s central business area. The property offers an established storefront configuration for a tenant seeking a compact commercial location with prior business use.
Its position near the heart of Hot Springs places the space within the city’s central business area. The property offers an established storefront configuration for a tenant seeking a compact commercial location with prior business use.
Key Highlights
- Central Business District (CBD) zoning
- 516 Park Ave location in Hot Springs, AR
- Previously used as a hair salon
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.82 /SF/Yr
CAM
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Hot Springs, AR
$19.73 /SF/Yr
Avg Asking Price
$10.43–$32.11 /SF/Yr
Price Range
1,598 SF
Avg Space Size
This space is priced 63% above the average of $19.73 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Central Business District storefront near the heart of Hot Springs with prior hair salon use.
Where is this storefront property located?
The property is located at 516 Park Ave Hot Springs, AR.
What is the lease rate?
The lease rate is $800/Mo.
What are key features of this property?
This property features: Central Business District (CBD) zoning; 516 Park Ave location in Hot Springs, AR; Previously used as a hair salon
