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Property profile & analytics
OFF-MARKET
Office Spaces

401 Ouachita Ave Hot Springs, AR 71901

10,060 SF 0.55 ac lot Built 1913
Property ID
Property summary
AI-generated overview

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).

Property profile
Verified
Property type Office Spaces
Year built 1913
Total area 10,060 SF
Lot 0.55 ac (23,914 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Demott & Martin PA Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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