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5806 Central Ave Lake Hamilton, AR 71913

OFF-MARKET Land Google Maps
4.86 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 4.86-acre commercial land parcel presents a remarkable development opportunity in the vibrant city of Hot Springs, Arkansas. Located at 5806 Central Avenue, this property boasts excellent highway frontage on Highway 7 South, ensuring high visibility and easy accessibility for any commercial venture. The expansive lot size offers ample space for a variety of development projects, from retail centers to office buildings. The property is zoned NZN No Zoning, providing flexibility for potential uses. With a price of $972,000, the land value calculates to $4.59 per square foot. The site also includes 50 existing parking spaces, a significant advantage for any commercial development. Its strategic location near Lake Hamilton adds to its appeal, offering proximity to a popular recreational area and a desirable residential community. This prime commercial land is ready for immediate development, presenting a unique chance to capitalize on a high-traffic location and a thriving market. The property's size, location, and existing infrastructure make it an ideal investment for developers seeking a high-return opportunity in a growing Arkansas market. The address is 5806 Central Ave, Hot Springs, AR 71913.

Property profile

Verified
Property type Land
Lot 4.86 ac (211,702 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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