Live-Work Property with
6507 CENTRAL Avenue Hot Springs, AR 71913
New
6507 CENTRAL Avenue, Hot Springs, AR, 71913
$299,000
For Sale
$299,000
COMMERCIAL - Hot Springs, AR
Property Size1,976 SF
Price / SF$151.32
Days on Market3
Property Features for 6507 CENTRAL Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-G General Comm District
- Standard status
- Active
- Size
- 1,976 SF
Taxes and HOA fees
- Tax Description
- Lots 108 & 110 Harmony Hills Subdivision, Section 14, Township 4 S, Range 20 West Hot Springs County
- Tax Annual Amount
- 1310
Building Details
- Year built
- 2007
Listing Agency
South Park Realty
(501) 525-2243
3907 Central Avenue, Suite L, Hot Springs, AR
Listed by
Anna Rhoden · License #SA00080573
(501) 802-4453
Added: Jul 16 Checked: Jul 18 at 3:06 pm
MLS# 156429
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.
This live-work property combines a double-wide residence with prepared outdoor space. Site work is already in place, including dirt work, level lots, and security fencing. The double-wide includes an en-suite bath with double vanity, a separate shower, and a walk-in garden tub. An open concept layout connects the family room, dining area, and kitchen, with a walk-in pantry and island breakfast bar. The kitchen is equipped with an oven, microwave, and a new refrigerator.
The property offers highly visible frontage on Central Avenue in Hot Springs, with nearby shop/red barn support noted in the remarks.
The overall layout is presented as suitable for RV and boat storage, contractor operations, retail, or future commercial development, while also providing a residence on-site.
The property offers highly visible frontage on Central Avenue in Hot Springs, with nearby shop/red barn support noted in the remarks.
The overall layout is presented as suitable for RV and boat storage, contractor operations, retail, or future commercial development, while also providing a residence on-site.
Key Highlights
- Mixed‑use property with high‑visibility frontage on Central Ave and strong traffic counts
- Hard work completed with dirt work, level lots, and security fencing already in place
- Spacious double‑wide home with en‑suite bath featuring double vanity, separate shower, and walk‑in garden tub
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $14.40 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $25.3k | $12.80 |
| − OpEx | −$6.3k | −$3.20 |
| NOI | $19.0k | $9.60 |
1,976 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$174.2K
$152.4K – $203.2K
NOI $12,194 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$361.4K
$316.2K – $421.6K
NOI $25,296 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Live-work property with security fencing, level lots, and a double-wide home set for storage or commercial uses.
Where is this single family property located?
The property is located at 6507 CENTRAL Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Mixed‑use property with high‑visibility frontage on Central Ave and strong traffic counts; Hard work completed with dirt work, level lots, and security fencing already in place; Spacious double‑wide home with en‑suite bath featuring double vanity, separate shower, and walk‑in garden tub
