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    622 Malvern Ave Hot Springs, AR 71901

    For Lease
    $7 SF/Yr ($8,598 /Mo)

    Prime Hot Springs location, multiple suites available.

    Lot size:
    13,758 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 622-640 Malvern Avenue in Hot Springs, Arkansas, presents a unique investment opportunity. Comprising two single-story buildings totaling 13,758 square feet on a 2.76-acre lot, this property offers multiple tenancy options. Three spaces are currently available, ranging in size from 1,600 square feet to 6,640 square feet, ideal for a variety of businesses. Built in 1965, the property is situated in Garland County, just north of Grand Avenue, providing convenient access to downtown Hot Springs. Its prime location offers easy access to public transportation, the Hot Springs Convention Center, and the scenic Greenway Trail, all within walking distance, ensuring high visibility and accessibility for tenants. The property's versatility makes it suitable for a range of commercial uses, providing a strong foundation for growth and success in a thriving community. The address is 622-640 Malvern Ave, Hot Springs, AR 71901. This is a rare opportunity to acquire a well-located, established commercial property in a desirable Arkansas market.

    Property Features for 622 Malvern Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,758 SF
    Total Rate
    8598.75

    Building Details

    Year Built
    1965
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    626
    Size
    1,600 SF
    Rate per SF
    $10
    Space
    628
    Size
    6,640 SF
    Rate per SF
    $9
    Space
    634
    Size
    4,912 SF
    Rate per SF
    $7

    HighLights

    • Prime downtown Hot Springs location, just north of Grand Avenue.
    • Walking distance to public transit, Hot Springs Convention Center, and Greenway Trail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Escape Hot Springs, ... Escape Room Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0491836
    Latitude
    34.5054345

    Nearby Similar for Lease

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    • New
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      Versatile Commercial Space For Lease

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Hot Springs location, multiple suites available.
    Where is this office property / space located?
    The property is located at 622 Malvern Ave Hot Springs, AR.
    What is the lease rate?
    The lease rate is $7-$10 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Hot Springs location, just north of Grand Avenue.; Walking distance to public transit, Hot Springs Convention Center, and Greenway Trail.;
    Request Owner's contact information
    622 Malvern Ave Hot Springs, AR 71901
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    Hot Springs, AR 71901
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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
    622 Malvern Ave Hot Springs, AR 71901
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