214 Grand Ave Hot Springs, AR 71901
- Strip malls
- 12,432 SF
- 0.70 lot acres
Current Use by Public Records
- Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant
Property Details for 214 Grand Ave
- Year built
- 1970
- Lot size
- 0.70 lot acres
- Property size
- 12,432 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 400-52950-005-000
- APU
- 40052950005000
Description
Grand Avenue Plaza presents a prime retail investment opportunity in Hot Springs, Arkansas. This 10,870-square-foot freestanding strip center is situated on a high-traffic intersection at 214 E Grand Ave, 71901, boasting over 15,000 vehicles per day. The 0.71-acre lot provides ample parking for customers. The property's Net Net Net (NNN) lease structure offers a straightforward ownership experience. The multi-tenant configuration allows for diverse income streams. This location benefits from excellent visibility and proximity to established businesses, including McDonald's and Walgreens, ensuring a strong customer base. The property's retail nature and strategic placement make it an attractive option for investors seeking a stable and potentially high-return investment in a thriving commercial area of Garland County. The property is classified as a shopping center and strip center, offering flexibility for a variety of retail tenants. This is a rare opportunity to acquire a well-located, established retail center in a growing market. The property's size and location make it ideal for a variety of retail uses.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0464
- Latitude
- 34.5037
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
