Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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