Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    835 Central Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $5,495,000

    Prime location, high occupancy, great views

    Property size:
    70,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional five-story, 70,310 square foot Class B office building in downtown Hot Springs, Arkansas, presents a compelling investment opportunity. Located at 835 Central Ave, this prominent property, formerly a Regions Bank building, enjoys a high 80% occupancy rate and offers approximately 180 parking spaces in a two-story parking deck. Its prime location provides easy access to the convention center, City Hall, Bathhouse Row, and a vibrant array of dining and shopping destinations. Many offices boast stunning downtown views, further enhanced by a convenient skybridge crossing Broadway Street. The building features street-level access on the first floor via Broadway Street and second-floor access via Central Avenue. Constructed in 1974, this 1.724-acre property offers 70,310 square feet of net rentable space, priced at $78.15 per square foot, for a total asking price of $5,495,000. With approximately 18,000 vehicles passing daily on Central Avenue, this versatile commercial asset is ideally positioned for continued success and offers significant potential for investors seeking a stake in one of Hot Springs' most desirable locations. The multi-tenant building provides a strong foundation for future growth and profitability.

    Property Features for 835 Central Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    70,310 SF
    Class
    B
    Lot Size
    75,097 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    5

    HighLights

    • $5,495,000 asking price for a 70,310 square foot Class B office building.
    • 80% occupancy in a multi‑tenant building.
    • Located at 835 Central Ave, Hot Springs, AR 71901, on a 1.724‑acre lot.
    • Features approximately 180 parking spaces in a two‑story parking deck, plus ample street parking.
    • Excellent downtown location, walking distance to the convention center, Bathhouse Row, and numerous dining and shopping options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Affordable DNA USA Paternity Testing Service The Massage Room Massage Therapist Cornerstone Capital Management Financial Planner Goosehead Insurance - John ... Insurance Agency First State Investors Bank

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.053225009627
    Latitude
    34.508178582292

    Nearby Similar for Sale

    • $1,150,000
      4,300 SF

      Fenced Acreage with Home and Amenities

      Private, fenced 20+ acre property with home, pool, shop, and barn.
      417 Randall Rd, Hot Springs, AR 71913
      View Details
    • $1,750,000
      10,466 SF

      Historic Bed & Breakfast Opportunity

      Established bed and breakfast in a prime historic district.
      420 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $2,750,000
      48,632 SF

      Downtown Hot Springs Redevelopment Opportunity

      Historic building with retail and redevelopment potential in Hot Springs.
      260 Central Ave, Hot Springs, AR 71901
      View Details
    • $1,900,000
      22,083 SF

      Downtown Hot Springs Mixed-Use Building

      22,000+ sqft mixed-use building in the heart of Hot Springs.
      1010 Central Ave, Hot Springs, AR 71901
      View Details
    • New
      $484,900
      1,950 SF

      Renovated Farmhouse on Gated Acres

      Turnkey hobby farm setup near Lake Hamilton.
      1115 Albright Rd, Hot Springs, AR 71913
      View Details
    • $598,000
      5,000 SF

      Hot Springs Contemporary Triplex

      Never rented triplex with spacious main house and two apartments.
      106 Imperial Ct, Hot Springs, AR 71913
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Turnkey bed and breakfast near downtown Hot Springs National Park.
      318 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $559,000
      2,048 SF

      Lake Hamilton Renovated Duplex

      Renovated lakefront duplex with lake views, pier, and extra lot.
      329 Lookout Pt, Hot Springs, AR 71913
      View Details
    • New
      $549,000
      3,488 SF

      Updated Duplexes Backing National Forest

      Two updated duplexes with forest views and strong rental income.
      167-169 & Xxx Crst St, Hot Springs, AR 71901
      View Details
    • $925,000
      5,813 SF

      Victorian Bed & Breakfast Opportunity

      Historic Victorian bed and breakfast or private residence on 1+ acre.
      808 Park Ave, Hot Springs, AR 71901
      View Details
    • New
      $1,275,000
      7,776 SF

      Lakeside 6-Unit Investment Property

      Remodeled 2-bed, 2-bath units on Lake Hamilton.
      110-113 Mccurry Ter, Hot Springs, AR 71913
      View Details
    • $1,900,000
      1,308 SF

      Turnkey Cabins Near Lake Hamilton

      Fully furnished cabins, ready for immediate rental income near Lake Hamilton.
      2777 Highway 290, Hot Springs, AR 71913
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime location, high occupancy, great views
    Where is this office property / space located?
    The property is located at 835 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $5,495,000.
    What are key features of this property?
    This property features: $5,495,000 asking price for a 70,310 square foot Class B office building.; 80% occupancy in a multi-tenant building.; Located at 835 Central Ave, Hot Springs, AR 71901, on a 1.724-acre lot.
    Request Owner's contact information
    835 Central Ave Hot Springs, AR 71901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    835 Central Ave
    Hot Springs, AR 71901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    835 Central Ave Hot Springs, AR 71901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.