1873 E Grand Ave, Hot Springs, AR 71901
For Sale
1 / 22
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.