Retail Strip Center with Flex
For Sale
$193,000
520 E GRAND Avenue, Hot Springs, AR 71901
COMMERCIAL - Hot Springs, AR
Property Size7,930 SF
Price / SF$24.34
Days on Market97
Property Features for 520 E GRAND Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-R Reg Comm District
Zoning description
C-R Reg Comm District
Exterior features
Dumpster
Subdivision
Hsr
Directions
East Grand.
Standard status
Active
Size
7,930 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
B11/Lpt8
Tax Annual Amount
1455
Legal Description
B11/Lpt8
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Rix Realty - Advantage Team Realtors
(501) 205-1900
Listed By:
Chris Rix · License #00059757
(501) 627-4075
Added: May 8
Changed: Aug 4
Last Checked: Aug 12 at 6:06AM
MLS# 155391
Copyright © 2026 Hot Springs Board of Realtors. 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.
The property consists of a retail strip center with approximately 5,845 square feet divided into three rentable units at 514 E. Grand Avenue. One unit is currently occupied by a vintage resale shop. Substantial improvements and updates have been completed since the current owner acquired the property, and the center is designed for storefront-oriented retail with on-site parking.
Connected to the strip center is an additional 2,085 square-foot space at 520 E. Grand Avenue, currently occupied by an HVAC business. This attached portion includes a garage door for loading and unloading and is intended for service-oriented or light industrial commercial use. Utilities are separately metered for electric and gas, offering flexibility for ownership and tenant management.
The property is located on the east side of Hot Springs with direct access to the Little Rock Highway corridor and strong street visibility, supported by corner positioning and an adjacent lot.
Connected to the strip center is an additional 2,085 square-foot space at 520 E. Grand Avenue, currently occupied by an HVAC business. This attached portion includes a garage door for loading and unloading and is intended for service-oriented or light industrial commercial use. Utilities are separately metered for electric and gas, offering flexibility for ownership and tenant management.
The property is located on the east side of Hot Springs with direct access to the Little Rock Highway corridor and strong street visibility, supported by corner positioning and an adjacent lot.
Key Highlights
- High‑visibility corner location on E. Grand Avenue with direct access to the Little Rock Highway corridor and high daily traffic count.
- Income‑producing property with existing tenants, including a successful vintage resale shop.
- Significant improvements and updates completed by the current owner.
Property Analytics
Property Profile
Current Use
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
94
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center includes three units and an attached garage-door flex section with separate electric and gas meters.
Where is this strip mall located?
The property is located at 520 E GRAND Avenue 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: High‑visibility corner location on E. Grand Avenue with direct access to the Little Rock Highway corridor and high daily traffic count.; Income‑producing property with existing tenants, including a successful vintage resale shop.; Significant improvements and updates completed by the current owner.
