CBD Storefront
For Lease
$800/Mo
516 Park Avenue, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Space SizeContact for details
Lot Size0.03 Acres
Days on Market12
Property Features for 516 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking
8
Subdivision
Rectors
Directions
From HSBOR Turn left on Central, Building will be on the right.
Standard status
Active
APN
400-54150-018-000
Size
299 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot PT 015
Tax Annual Amount
177
Legal Description
Lot PT 015
Building Details
Year built
1925
Floors in Building
1
Roof type
Metal
Listing Agency:
CBRPM Hot Springs · Coldwell Banker Real Estate
(501) 525-7355
Listed By:
Sean Edds · License #SA00080170
(501) 617-0636
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 20 at 10:06AM
MLS# 26037451
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 299-square-foot storefront at 516 Park Avenue provides a compact commercial setting within Hot Springs’ Central Business District. The property was built in 1925 and has a metal roof, combining an older building profile with a clearly identified commercial location.
The space was most recently operated as a hair salon. Its Park Avenue address places the property near the heart of Hot Springs, with CBD zoning supporting its established business-district context. The small footprint may suit an owner-user or operator seeking a dedicated storefront, subject to applicable zoning and use requirements.
The space was most recently operated as a hair salon. Its Park Avenue address places the property near the heart of Hot Springs, with CBD zoning supporting its established business-district context. The small footprint may suit an owner-user or operator seeking a dedicated storefront, subject to applicable zoning and use requirements.
Key Highlights
- 299‑square‑foot storefront property
- Central Business District (CBD) zoning
- 516 Park Avenue, Hot Springs, AR 71901
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Central Business District storefront near downtown Hot Springs with a compact commercial layout.
Where is this storefront property located?
The property is located at 516 Park Avenue Hot Springs, AR.
What is the lease rate?
The lease rate is $800/Mo.
What are key features of this property?
This property features: 299‑square‑foot storefront property; Central Business District (CBD) zoning; 516 Park Avenue, Hot Springs, AR 71901
