Property profile

1873 E Grand Ave Hot Springs National Park, AR 71901

FOR SALE
Retail space
Property ID
US05-0390495
1,122 SF 15.19 ac lot Built 1960
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,122 SF
Lot 15.19 ac (661,676 SF)
APN 300-05763-000C
UPID US05-0390495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1873 E Grand Ave Hot Springs National Park, AR 71901
Hot Springs National Park metro Census 10601 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2022
Last sale
$315,000
1 recorded transaction
2022
$315,000

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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More about this property
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