Corner Retail and Office
815 & 817 Grand Avenue Hot Springs, AR 71901
For Sale
$275,000
Two buildings totaling 2,785 sf offer retail or office space on a corner with 201 feet of frontage.
Property Size2,785 SF
Price / SF$98.74
Days on Market248
Property Features for 815 & 817 Grand Avenue
General Information
- Standard status
- Active
- Size
- 2,785 SF
Listing Agency:
White Stone Real Estate
(501) 545-9075
Listed By:
Audrey White
(501) 545-9075
Source:
Exprealty
Added: Nov 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:47AM
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 White Stone Real Estate
Investment Insights
Based on property information with market context.
This offering includes two retail and/or office buildings totaling 2,785 square feet, with the buildings located on a corner site. The property is presented for sale as flexible commercial space for businesses seeking a high-visibility location.
The buildings are situated at the corner of Grand Avenue and Spring Street and are described as being available at the first stop light when entering Hot Springs, Arkansas from Highway 70. The site has 201 feet of Grand Avenue frontage and is identified as being in a high-traffic area.
The property is zoned C-1. Contact the listing agent to schedule a showing.
The buildings are situated at the corner of Grand Avenue and Spring Street and are described as being available at the first stop light when entering Hot Springs, Arkansas from Highway 70. The site has 201 feet of Grand Avenue frontage and is identified as being in a high-traffic area.
The property is zoned C-1. Contact the listing agent to schedule a showing.
Key Highlights
- Two buildings totaling 2,785 SF offering retail or office space
- 201 feet of Grand Avenue frontage on a corner of Grand Avenue and Spring Street
- Zoned C‑1 for commercial use
Financial Insights For Retail
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 | $33.4k | $12.00 |
| − Vacancy | −$2.0k | −$0.72 |
| EGI | $31.4k | $11.28 |
| − OpEx | −$9.4k | −$3.38 |
| NOI | $22.0k | $7.90 |
2,785 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$382.0K
$334.2K – $445.7K
NOI $26,739 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$314.1K
$274.9K – $366.5K
NOI $21,990 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Two buildings totaling 2,785 sf offer retail or office space on a corner with 201 feet of frontage.
Where is this retail space located?
The property is located at 815 & 817 Grand Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two buildings totaling 2,785 SF offering retail or office space; 201 feet of Grand Avenue frontage on a corner of Grand Avenue and Spring Street; Zoned C‑1 for commercial use
