401 Ouachita Ave Hot Springs, AR 71901
This 10,060-square-foot, two-story Class C office building, located at 401 Ouachita Ave in Hot Springs, Arkansas, is available for sale at $1,300,000. Built in 1913, this vacant property sits on a 0.549-acre lot and boasts over 40 paved parking spaces. The building's flexible layout includes 18 offices, two conference rooms, two break rooms, and five restrooms. The first floor is ideal for retail, restaurants, or corporate offices, while the second floor offers potential for boutique lodging or private residences. The property is zoned C-2 and retains much of its original architectural charm. Its prime location in the Central Business District, at the corner of Ouachita Avenue and Orange Street, offers excellent visibility and accessibility. The building's net rentable area is 10,060 square feet. This is a rare opportunity to acquire a historic commercial building with significant potential in a thriving Arkansas city. The lease type is Net Net (NN).
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Demott & Martin PA Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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