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    5609 Central Ave Lake Hamilton, AR 71913

    Sponsored
    For Sale
    $1,100,000

    7,848 SF, 0.77 Acres, $1.1M

    Property size:
    7,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property in Hot Springs, Arkansas, presents a unique investment opportunity. Situated on a 0.77-acre lot at 5609 Central Avenue, this 7,848 square foot building boasts a versatile open floor plan, ideal for a variety of commercial uses. Previously utilized as a gymnastics and cheerleading facility, the expansive interior offers ample space for customization and redevelopment. The property includes 35 parking spaces, with additional perimeter access enhancing convenience and functionality. Located on Central Avenue/Highway 7 South, the property benefits from high visibility and convenient access. A shared driveway with adjacent businesses (not included in the sale) provides added convenience. Road expansion projects in the area are complete, further enhancing accessibility and visibility. The asking price is below appraised value, making this a compelling investment opportunity. The property's size and location make it suitable for a wide range of commercial ventures, offering significant potential for return on investment. This is a rare chance to acquire a substantial commercial property in a thriving Arkansas market. The property is ready for its next chapter, offering a blank canvas for a creative entrepreneur or investor.

    Property Features for 5609 Central Ave

    General Information

    Property type
    Land
    Square Feet
    7,848 SF
    Lot Size
    33,541 SF

    HighLights

    • $1,100,000 asking price.
    • 7,848 square foot building on a 0.77‑acre lot.
    • Located at 5609 Central Avenue, Hot Springs, AR 71913.
    • Former gymnastics/cheer gym; versatile open space.
    • 35+ parking spaces.
    • Priced below appraised value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Hamilton
    County
    GARLAND
    State
    Arkansas
    Longitude
    -93.096723
    Latitude
    34.4210187

    Nearby Comparable

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    • $972,000
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    • $580,000

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    • $369,000
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    • $389,000
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    FAQs

    What type of property is this?
    Land - 7,848 SF, 0.77 Acres, $1.1M
    Where is this land located?
    The property is located at 5609 Central Ave Lake Hamilton, AR.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 7,848 square foot building on a 0.77-acre lot.; Located at 5609 Central Avenue, Hot Springs, AR 71913.
    Request Owner's contact information
    5609 Central Ave Lake Hamilton, AR 71913
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    Lake Hamilton, AR 71913
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    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
    5609 Central Ave Lake Hamilton, AR 71913
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