5806 Central Ave Lake Hamilton, AR 71913
- Land
- 4.86 lot acres
Current Use by Public Records
- Land
Property Details for 5806 Central Ave
- Lot size
- 4.86 lot acres
- Property type
- Land
Description
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.
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
- Lake Hamilton
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0972
- Latitude
- 34.4172
