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    Property profile

    3401 Central Ave Hot Springs, AR 71913

    OFF-MARKET
    Medical Office Space
    Property ID
    US05-0067399
    2,411 SF 0.21 ac lot Built 1972
    Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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    Property summary

    AI-generated overview

    3401 Central Ave in Hot Springs, Arkansas is a multi-unit commercial property on a 0.41-acre corner lot with approximately 5,709 square feet of space. The building is configured as three separate rentable units, including one two-story corner unit with a professional office layout, large windows for natural light, and a modernized interior, and two additional units with flexible layouts. Updates described for the property include renovated finishes such as updated flooring and fresh paint across portions of the interior. The property is positioned for high visibility along Central Ave and provides ample on-site parking. Its location offers proximity to Oaklawn Racing Casino Resort and Downtown Hot Springs.

    Property profile

    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1972
    Total area 2,411 SF
    Lot 0.21 ac (8,973 SF)
    APN 300-07739-000C
    UPID US05-0067399

    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
    • Dental Office
    • Dental Office
    2 occupants on record

    Location

    3401 Central Ave Hot Springs, AR 71913-6216
    Hot Springs metro Census 11701 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $385k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $385k

    Owner & transaction history

    since 2024
    Last sale
    $385,000
    5 recorded transactions
    2024
    $385,000
    2022
    Price N/A
    2018
    Price N/A
    2001
    $130,000
    1969
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $3,310,000
      130,476 SF
      1 Mercy Ln1e
      MEDICAL BUILDING
      1 Mercy Ln1e, Hot Springs, AR 71913-6442
      View Details
    • Value Estimation
      $875,000
      130,476 SF
      1 Mercy Ln1h
      MEDICAL BUILDING
      1 Mercy Ln1h, Hot Springs, AR 71913-6442
      View Details
    • Value Estimation
      $865,000
      130,476 SF
      1 Mercy Ln4e
      MEDICAL BUILDING
      1 Mercy Ln4e, Hot Springs, AR 71913-6442
      View Details
    • Value Estimation
      $3,310,000
      130,476 SF
      1 Mercy Ln1a
      MEDICAL BUILDING
      1 Mercy Ln1a, Hot Springs, AR 71913-6442
      View Details
    • Value Estimation
      $275,000
      2,055 SF
      3401 Central Ave, Unit C
      MEDICAL BUILDING
      3401 Central Ave, Hot Springs, AR 71913-6216
      View Details
    • Value Estimation
      $2,490,000
      62,855 SF
      1662 Higdon Fry Rd
      MEDICAL BUILDING
      1662 Higdon Fry Rd, Hot Springs, AR 71913-6999
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      1,680 SF
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    • New
      $375,000
      1,680 SF
      Medical Office with Fenced Yard
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      View Details
    • Contact for pricing
      3,800 SF
      Medical Office Space Near Hospital
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      1 Mercy Ln, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      2,990 SF
      Former Urgent Care Clinic
      Former urgent care clinic with five exam rooms on a hard-corner lot with stoplight access and 15 dedicated parking spaces.
      201 Airport Rd, Hot Springs, AR 71913
      View Details
    • New
      $350,000
      4,013 SF
      Medical Office Property with Generator
      Two-level commercial building with current occupants and a standby generator serving operational needs.
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    • $750,000
      2,000 SF
      Commercial Land with Office Building
      Commercial land on 3.16 acres, fully fenced and zoned C4, with a 2,000 SF office building and storage structures.
      153 Franklin, Hot Springs, AR 71913
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,990 sqft
      Turnkey Medical Clinic with Exam Rooms
      Former urgent care clinic with five exam rooms and 15 dedicated parking spaces on a corner lot with stop-light access.
      201 Airport Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      3,000 sqft
      Former Urgent Care Clinic
      Former urgent care clinic with five exam rooms and dedicated parking, suited for healthcare or professional office use.
      201 Airport Road, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      3,893 sqft
      Medical Office Space For Sale
      Medical office space in a bustling Hot Springs corridor.
      1 Mercy Ln, Hot Springs, AR 71913
      View Details
    • New
      Contact for pricing
      11,672 sqft
      Medical Facility in McAuley Court
      11,672 SF medical facility for lease near hospital.
      225 McAuley Ct, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      7,083 sqft
      Medical Clinic Sublease Opportunity
      7,083 SF medical clinic available for sublease.
      154 Cornerstone Ln, Hot Springs, AR 71913
      View Details
    • New
      $1,500/Mo
      Five-Office Professional Suite
      Office suite with reception, a full restroom with shower, and washer and dryer hookups.
      5737 CENTRAL Avenue Unit: F, Hot Springs, AR 71913
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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