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Retail Space in South Ridge
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5401 Central Ave, Hot Springs, AR 71913

Retail space for lease in a well-situated Hot Springs location.

Space Size1,520 SF - 2,200 SF
Property Size17,140 SF
Days on Market833

Property Features for 5401 Central Ave

General Information

Standard status Active
Size 1,520 SF - 2,200 SF
Property subtype Retail
Lease Type Modified Gross

Building Details

Building Size 17,140 SF
Year Built 2000
Tenancy Multiple

Spaces For Lease

at 5401 Central Ave Contact us

K

Size
2,200 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us

Suite E

Size
1,520 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Colliers - Little Rock, Arkansas
Listed By: Karolyn Fankhouser · License #AR EB00044496
Source: Crexi
Added: May 22, 2024 Changed: Aug 28 Last Checked: Aug 31 at 4:57PM

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.

South Ridge Plaza offers a leasing opportunity for office users in Hot Springs. The property features a prominent pylon sign along Highway 7. A large parking lot is available, and the suites are handicap accessible. Located along Central Avenue, the plaza is surrounded by a significant population within a 5-mile radius, comprising over 16,700 households.

Key Highlights

  • Prominent pylon sign along Highway 7 provides enhanced visibility.
  • Well‑situated location along the busy Central Avenue corridor in Hot Springs.
  • Access to a large parking lot.

Property Analytics

Current Use

Doc Penny's Billiards Arcade & Gaming Center High Achievers legal ... (Bike/Boat/Book/etc) Store Simple Simon's Pizza Take-out & Catering Natural State Dance ... Theater & Performing Art Venue Noelle Stephens - State ... Insurance Agency

Suggested Use

Top Pick Dental Office Building Supply Law Firm Grocery & Convenience Store Big Box & Wholesale Store Garden Center

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

174
Businesses Nearby
3k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 65% Dining 35%
Baymont By Wyndham Hot Springs On The Lake Hotels & Casinos
1,661 visits/mo 0.3 miles
Simple Simon's Pizza Dining
899 visits/mo 0.1 miles

Demographics for 71913, AR

46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value

Market

Lease Benchmarks for Hot Springs, AR

$18.57 /SF/Yr
Avg Asking Price
$10.43–$28.24 /SF/Yr
Price Range
2,228 SF
Avg Space Size

This space is priced 35% below the average of $18.57 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease in a well-situated Hot Springs location.
Where is this retail space located?
The property is located at 5401 Central Ave Hot Springs, AR.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Prominent pylon sign along Highway 7 provides enhanced visibility.; Well‑situated location along the busy Central Avenue corridor in Hot Springs.; Access to a large parking lot.
(501) 627-2141 Call to check price and availability
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