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    3539 Central Ave Hot Springs, AR 71913

    For Lease
    $19 SF/Yr

    Central Ave Strip Mall, 9 Suites

    Lot size:
    14,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This single-story, 14,700 square foot retail building is located at 3539 Central Avenue in Hot Springs, Arkansas. Built in 2013, this Class C property sits on a 1.4-acre lot and features nine suites with a total of 3,807 square feet currently vacant. Two available spaces offer 1,425 and 2,382 square feet respectively, each with a gross lease rate of $19.00 per square foot. The property enjoys high visibility on Central Avenue, boasting approximately 26,000 daily vehicle counts. Current tenants include established businesses such as Pizza Hut, Mary's Nails & Spa, and The Specific Chiropractic Center. Its proximity to Oaklawn Racing Casino and Resort provides exceptional access to a large customer base. The property's APN is 400-54850-022-000, and it's situated in Garland County, Arkansas, zip code 71913. This presents a strong opportunity for businesses seeking high-traffic retail space in a thriving Hot Springs location.

    Property Features for 3539 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,700 SF
    Class
    C
    Total Rate
    23275

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    K
    Size
    2,382 SF
    Rate per SF
    $19
    Space
    H
    Size
    1,425 SF
    Rate per SF
    $19

    HighLights

    • 1,425 SF suite available.
    • 2,382 SF suite available.
    • $19/SF gross lease rate.
    • High traffic count: ~26,000 vehicles daily on Central Avenue.
    • Strong tenant mix including Pizza Hut, Mary's Nails & Spa, and The Specific Chiropractic Center.
    • Excellent Central Avenue visibility and signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Simple Nutrition Health Food Restaurant Abby Road Vaporizer Store The Specific Chiropractic Centers ... Chiropractor Mary's Nails & Spa Nail Salon Pizza Hut Pizza Delivery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -93.0587639
    Latitude
    34.4695881

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    FAQs

    What type of property is this?
    Retail property - Central Ave Strip Mall, 9 Suites
    Where is this retail property located?
    The property is located at 3539 Central Ave Hot Springs, AR.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 1,425 SF suite available.; 2,382 SF suite available.; $19/SF gross lease rate.
    Request Owner's contact information
    3539 Central Ave Hot Springs, AR 71913
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    Hot Springs, 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
    3539 Central Ave Hot Springs, AR 71913
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