Property profile

214 Grand Ave Hot Springs, AR 71901

OFF-MARKET
Strip malls
Property ID
US05-2165455
12,432 SF 0.7 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 12,432 SF
Lot 0.7 ac (30,318 SF)
APN 400-52950-005-000
UPID US05-2165455

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

214 Grand Ave Hot Springs, AR 71901-4163
Hot Springs metro Census 10602 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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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