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    1700 Central Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $650,000

    Central Ave Storefront, $650k

    Property size:
    4,487 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 1700 Central Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,487 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1933
    Buildings
    1
    Stories
    1

    HighLights

    • 4,487 SF mixed‑use building on a 0.34‑acre lot in Hot Springs, AR.
    • High visibility location with over 21,000 vehicles daily on Central Avenue.
    • Features original hardwood floors, stained‑glass windows, ADA‑compliant ramp & restroom, full kitchen, and one‑car garage.
    • 100 feet of frontage on Central Avenue.
    • Open floor plan with several private offices; furnishings available separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tesla BioHealing Center Wellness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.057796
    Latitude
    34.4960538

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    FAQs

    What type of property is this?
    Individual retail property - Central Ave Storefront, $650k
    Where is this individual retail property located?
    The property is located at 1700 Central Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 4,487 SF mixed-use building on a 0.34-acre lot in Hot Springs, AR.; High visibility location with over 21,000 vehicles daily on Central Avenue.; Features original hardwood floors, stained-glass windows, ADA-compliant ramp & restroom, full kitchen, and one-car garage.
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    1700 Central 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
    1700 Central Ave Hot Springs, AR 71901
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