Property profile

1700 Central Ave Hot Springs, AR 71901

OFF-MARKET
Retail space
Property ID
US05-2081277
4,487 SF 0.34 ac lot Built 1933
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,487-square-foot mixed-use building, situated on a 0.34-acre lot at 1700 Central Avenue in Hot Springs, Arkansas, presents a unique investment opportunity. Built in 1933, this single-story, freestanding storefront boasts a captivating blend of classic charm and modern functionality. The property features an open floor plan ideal for versatile commercial use, complemented by several private offices, enhancing privacy and productivity. Original hardwood floors and stunning stained-glass windows add character and elegance. The building also includes an ADA-compliant ramp and restroom, a full kitchen, and a one-car garage, catering to diverse operational needs. With 100 feet of frontage on Central Avenue, this location benefits from exceptional visibility and high traffic, with over 21,000 vehicles passing daily. Zoned C-2, this property is perfectly positioned for a variety of commercial ventures, offering significant potential for growth and return. Furnishings are available for an additional cost. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a thriving Arkansas location. The asking price is $650,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1933
Total area 4,487 SF
Lot 0.34 ac (15,028 SF)
APN 400-20250-001-001C
UPID US05-2081277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Alternative Medicine Practice

Location

1700 Central Ave Hot Springs, AR 71901-6849
Hot Springs metro Census 11400 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2022
Last sale
$380,000
1 recorded transaction
2022
$380,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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