1 Airport Rd Hot Springs, AR 71913
- Land
- 40.00 lot acres
Current Use by Public Records
- Land
Property Details for 1 Airport Rd
- Year built
- 1900
- Lot size
- 40.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
Exceptional 40-acre commercial land parcel ideally situated in Hot Springs, Arkansas, at 1 Airport Road, presents a remarkable mixed-use development opportunity. This high-growth area boasts prominent frontage on Airport Road, Weston Road, and an expressway off-ramp, ensuring unparalleled visibility and accessibility. The property features a daily traffic count of 38,000 vehicles, providing significant exposure for any development. All utilities are readily available, simplifying the development process. The expansive lot size allows for diverse development options, complemented by its dual zoning: C-4 Regional Commercial/Open Display and R-2 Suburban Residential. Built in 1900, the property offers 30 parking spaces and is priced at $1,550,000, or $0.87 per square foot (based on a source of 1,778,554 square feet). The property's central turning lane further enhances its appeal and functionality. This prime location, coupled with its versatile zoning and high traffic volume, makes it an exceptional investment prospect for developers seeking a high-impact project. Tenant expenses including taxes, insurance, maintenance, trash, electric, gas, water/sewer, internet, cable/TV, and telephone are paid by the tenant. The property benefits from highway frontage and proximity to an interstate.
Value Estimation
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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
- -93.0856
- Latitude
- 34.4915
