1873 Grand Ave Hot Springs National Park, AR 71901-4891
- Retail space
- 1,122 SF
- 15.19 lot acres
Apr 28, 2022
Current Use by Public Records
- Retail space
Property Details for 1873 Grand Ave
- Year built
- 1960
- Lot size
- 15.19 lot acres
- Property size
- 1,122 SF
- Property type
- Retail space
- APN
- 300-05763-000C
- APU
- 30005763000C
Description
This exceptional commercial investment opportunity encompasses two buildings situated on a substantial 16.03-acre lot at 1873 & 1875 E Grand Avenue in Hot Springs, Arkansas. The property, boasting 50 parking spaces, is zoned C-4 Regio CommlOpen Displ, offering significant potential for diverse commercial or industrial development. Built in 1960, the buildings present a chance for renovation or redevelopment, capitalizing on the high-traffic visibility afforded by its location on the East Grand frontage road, directly off exit 3. All utilities are conveniently available on-site. The asking price is $875,000, translating to $126.81 per square foot and $54,585.15 per acre. This prime location offers unparalleled access to major thoroughfares and benefits from proximity to popular attractions such as Magic Springs Theme Park and the gateway to Hot Springs National Park. The property's history as part of the former Magic Hills Golf Course adds to its unique appeal. The Garland County location, with a 71901 zip code, provides easy access to the city's amenities and a strong local market. This is a rare chance to acquire a large, well-located commercial parcel with significant development potential in a thriving Arkansas community. The APN is 300-05763-000C.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $300,000
- ML approach
- $315,000
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Location Insight
- Map
- Local Demand
- City
- Hot Springs National Park
- County
- Garland
- State
- Arkansas
- Longitude
- -93.012
- Latitude
- 34.5137
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
