5609 Central Ave Lake Hamilton, AR 71913
- Outlet malls
- 7,848 SF
- 1.00 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 5609 Central Ave
- Year built
- 2000
- Lot size
- 1.00 lot acres
- Property size
- 7,848 SF
- Property type
- Outlet malls
- APN
- 100-16317-000
- APU
- 10016317000
Description
This exceptional commercial property in Hot Springs, Arkansas, presents a unique investment opportunity. Situated on a 0.77-acre lot at 5609 Central Avenue, this 7,848 square foot building boasts a versatile open floor plan, ideal for a variety of commercial uses. Previously utilized as a gymnastics and cheerleading facility, the expansive interior offers ample space for customization and redevelopment. The property includes 35 parking spaces, with additional perimeter access enhancing convenience and functionality. Located on Central Avenue/Highway 7 South, the property benefits from high visibility and convenient access. A shared driveway with adjacent businesses (not included in the sale) provides added convenience. Road expansion projects in the area are complete, further enhancing accessibility and visibility. The asking price is below appraised value, making this a compelling investment opportunity. The property's size and location make it suitable for a wide range of commercial ventures, offering significant potential for return on investment. This is a rare chance to acquire a substantial commercial property in a thriving Arkansas market. The property is ready for its next chapter, offering a blank canvas for a creative entrepreneur or investor.
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 National Park
- County
- Garland
- State
- Arkansas
- Longitude
- -93.097
- Latitude
- 34.421
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
