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1021 Airport Rd Hot Springs, AR 71913

OFF-MARKET Retail properties & Spaces Google Maps
13.13 ac lot Built 1961
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 13.13-acre commercial property, located at 1021 Airport Rd in Hot Springs, Arkansas (zip code 71913), presents a compelling investment opportunity. Priced at $2,300,000 ($153.42/sq ft), this prime location boasts excellent visibility and accessibility, situated on Airport Road and John Owens Road, with convenient freeway exit access. The property features three existing buildings constructed in 1961, offering ample potential for redevelopment or repurposing. The site includes 50+ parking spaces, a significant advantage for any commercial venture. The property's zoning allows for both R-2 Suburban Residential and C-4 Regio Comm uses, providing flexibility for a variety of development plans. High daily traffic counts of approximately 78,000 vehicles ensure substantial exposure. Building features include brick, siding, metal, and vinyl exteriors

Property profile

Verified
Property type Retail properties & Spaces
Year built 1961
Lot 13.13 ac (571,943 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

Realmo proprietary · 4 methods
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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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