Building Details

Tenancy Multi

Listing Agency: Rix Realty - Advantage Team Realtors c***@rixestate.com Show Phone

Listed By: Chris Rix · License #00059757 Show Phone

Source: Exprealty

Added: May 8 Changed: Aug 20 Last Checked: Aug 26 at 10:11AM

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Investment Insights

Based on property information with market context.

The property is a retail strip center offering approximately 5,845 square feet across three rentable units, with one unit currently operating a vintage resale shop. Updates have been completed since the current owner acquired the property, and the center provides ample storefront parking plus an adjacent lot. The configuration also includes a connected second address, 520 E. Grand Avenue, with approximately 2,085 square feet currently occupied by an HVAC business.

The connected HVAC-occupied section includes a garage door for convenient loading and unloading access. Electric and gas utilities are separately metered, providing flexibility for ownership and tenant management. The property is positioned on a main highway corridor with strong visibility and direct access, and it is located on the east side of Hot Springs.

All told, the asset consists of two connected street-facing commercial buildings/sections offering income-producing retail space and a service-oriented light industrial-style loading setup.

Key Highlights

• Retail strip center at 514 E. Grand Avenue with approx. 5,845 SF in 3 rentable units
• Connected to 520 E. Grand Avenue with an additional approx. 2,085 SF occupied by an HVAC business
• Garage door at the 520 E. Grand Avenue section for convenient loading and unloading

Property Analytics

Property Profile

Current Use

U-Haul Neighborhood Dealer Car Rental Facility Planet SOTR Clothing Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Computer & Electronic Repair Carpet & Flooring Store Pet Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,200

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail strip center with three units and a connected HVAC-occupied section featuring a garage door for loading.

Where is this strip mall located?

The property is located at 520 E Grand Ave Hot Springs, AR.

What is the asking price?

The asking price for this property is $193,000.

What are key features of this property?

This property features: Retail strip center at 514 E. Grand Avenue with approx. 5,845 SF in 3 rentable units; Connected to 520 E. Grand Avenue with an additional approx. 2,085 SF occupied by an HVAC business; Garage door at the 520 E. Grand Avenue section for convenient loading and unloading