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    311 Grand Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $1,100,000

    Prime Location, High Potential, 13,647 SF

    Property size:
    13,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located at 311 W Grand Ave in Hot Springs, Arkansas, presents a unique investment opportunity. The 0.58-acre lot boasts 187 feet of road frontage on West Grand Avenue, offering excellent visibility and accessibility. The property includes two buildings totaling 13,647 square feet, providing ample space for a variety of commercial uses. The buildings are wheelchair accessible and feature a convenient rear parking lot. The location is highly desirable, situated in the heart of Hot Springs with easy access to Interstate 30. One building could serve as a public-facing storefront, while the other could maintain existing tenants or be repurposed. This property is being offered for the first time on the market and presents a rare chance to acquire a substantial commercial holding in a thriving Arkansas city. The property's versatility and prime location make it an ideal investment for developers, entrepreneurs, or businesses seeking to establish a strong presence in Hot Springs. The combined square footage and prominent location offer significant potential for future growth and profitability. The property is zoned for commercial use and is ready for immediate occupancy or redevelopment. This is a truly exceptional opportunity to acquire a significant commercial property in a prime location. The asking price is $1,100,000. The zip code is 71901.

    Property Features for 311 Grand Ave

    General Information

    Property type
    Land
    Square Feet
    13,647 SF
    Lot Size
    25,265 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Masonic Lodge Fraternal Organization

    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
    -93.0546531
    Latitude
    34.5031706

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    FAQs

    What type of property is this?
    Land - Prime Location, High Potential, 13,647 SF
    Where is this land located?
    The property is located at 311 Grand Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,100,000.
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    311 Grand 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
    311 Grand Ave Hot Springs, AR 71901
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