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Mixed-Use Space in Hot Springs
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622 Malvern Ave, Hot Springs, AR 71901

Mixed-use space for sale or lease near city transit.

Space Size4,912 SF
Property Size13,758 SF
Days on Market923

Property Features for 622 Malvern Ave

General Information

Standard status Active
Size 4,912 SF
Property subtype Retail, Office

Building Details

Building Size 13,758 SF
Year Built 1965
Tenancy Multiple

Spaces For Lease

at 622 Malvern Ave Contact us

628

Type
Office, Retail
Availability
Active
Contact us

634

Size
4,912 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: Colliers - Little Rock, Arkansas
Listed By: Karolyn Fankhouser · License #AR EB00044496
Source: Crexi
Added: Feb 22, 2024 Changed: Aug 17 Last Checked: Aug 31 at 5:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Little Rock, Arkansas

Investment Insights

Based on property information with market context.

The property at 622-640 Malvern Avenue in Hot Springs, Arkansas, is available for sale and for lease. The building offers mixed-use space and is located within walking distance of city transit, the Hot Springs Convention Center, and the Greenway Trail.

Key Highlights

  • Mixed‑use space offers flexible options.
  • Walking distance to Hot Springs Convention Center.
  • Walking distance to the Greenway Trail.

Property Analytics

Current Use

Escape Hot Springs, ... Arcade & Gaming Center

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Pet Store & Service Parking Lot & Garage

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
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,592
Businesses Nearby

Demographics for 71901, AR

29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value

Market

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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use space for sale or lease near city transit.
Where is this mixed-use property located?
The property is located at 622 Malvern Ave Hot Springs, AR.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Mixed‑use space offers flexible options.; Walking distance to Hot Springs Convention Center.; Walking distance to the Greenway Trail.
(501) 627-2141 Call to check price and availability
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