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Remodeled Office or Showroom Space
For Lease
$1,500/Mo

847 Third Street, Hot Springs, AR 71913

COMMERCIAL - Hot Springs, AR

Space SizeContact for details
Lot Size0.29 Acres
Days on Market48

Property Features for 847 Third Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Neighborhood Commercial, General Office
Parking 5
Lot features Level
Directions South on Central, turn right West on Greenwood, left South on Third St. approx. 2 Blocks property on the left.
Subdivision HOT SPRINGS SCHOOL DISTRICT
Standard status Active
APN 400-21350-006-000C
Size 1,220 SF
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Block/Lot: 00B/001
Tax Annual Amount 767
Legal Description Block/Lot: 00B/001

Building Details

Year built 1990
Floors in Building 1
Flooring type Vinyl
Roof type Composition
Architectural style Other
Listing Agency: CBRPM Hot Springs · Coldwell Banker Real Estate
Listed By: Todd Woerpel
Added: Jul 16 Changed: Aug 4 Last Checked: Sep 1 at 12:06PM
MLS# 26028756

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.

Newly remodeled inside and out, this property is laid out for office or retail showroom use. The interior includes a large open reception or lobby area, three offices, two restrooms, a breakroom, and additional storage closets.

The property is offered for lease, with the tenant responsible for all utilities. A 36-month lease is preferred by the lessor.

The building is situated on a 0.29-acre lot and contains approximately 1,220 square feet of space.

Key Highlights

  • Newly remodeled inside and out, suitable for office or retail showroom
  • Large open reception/lobby area plus 3 offices
  • Includes 2 restrooms, breakroom, and extra storage closets

Property Analytics

Current Use

Casket Store Social Service Agency

Suggested Use

Top Pick Pharmacy Storage Facility Auto Parts Store Food Market Skin Care Clinic Big Box & Wholesale 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

NNN (Triple Net)
Lease Type
$2.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

614
Businesses Nearby

Demographics for 71913, AR

46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value

Market

Lease Benchmarks for Hot Springs, AR

$18.36 /SF/Yr
Avg Asking Price
$12–$31.58 /SF/Yr
Price Range
16,831 SF
Avg Space Size

This space is priced 20% below the average of $18.36 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Newly remodeled suite offers a large reception area, three offices, and two restrooms.
Where is this office units located?
The property is located at 847 Third Street Hot Springs, AR.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Newly remodeled inside and out, suitable for office or retail showroom; Large open reception/lobby area plus 3 offices; Includes 2 restrooms, breakroom, and extra storage closets
More about this property
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