Current Use by Public Records
- Land
Property Details for 0 Central Ave
- Lot size
- 2.37 lot acres
- Property type
- Land
Description
This exceptional 2.37-acre commercial land parcel presents a unique investment opportunity in Hot Springs, Arkansas. Situated on Central Avenue (Highway 7 South), just south of the city limits, this property enjoys unparalleled visibility due to its corner lot location on a major highway. The strategic placement between the Lake Hamilton bridge and Highway 290 positions it to capitalize on a significant, ongoing highway expansion project. The surrounding area boasts a diverse mix of commercial establishments, including restaurants, office buildings, a convenience store, a Harp's food store, lakefront residential condominiums, and a newly developed subdivision, creating a vibrant and synergistic environment. All essential city utilities—water, sewer, electricity, gas, storm sewer, telephone, and garbage removal—are readily accessible. Importantly, this property is outside city limits, offering unrestricted zoning and maximum flexibility for development. Whether you envision an office building, storage facilities, food trucks, or another commercial venture, the possibilities are virtually limitless. The asking price is $550,500, with a land value of $247,046 per square foot. Excellent ingress and egress via Central Avenue (Highway 7) ensure convenient access to the city and surrounding areas. This is an ideal investment for those seeking a high-visibility location with significant growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.09
- Latitude
- 34.4454
