3621 Central Ave, Hot Springs, AR 71913-6404

This exceptional 11-acre commercial property in Hot Springs, Arkansas, presents a unique value-add investment opportunity. Located at 3621 Central Avenue, this property boasts 27,000+ square feet of existing retail space across three one-story buildings, built in 1979. However, the true value lies in the expansive land itself, offering significant redevelopment potential. The C-4 zoning allows for a wide range of uses, making it ideal for a variety of commercial ventures. Situated on a highly visible section of Central Avenue, with over 1300 feet of road frontage accessible from three streets, this property benefits from an average daily traffic count of 25,000 vehicles. Its strategic location places it directly adjacent to Texas Roadhouse and within a mile of CHI Hospital and Oaklawn Casino, ensuring high visibility and accessibility. Nearby amenities include Lowe's, Chick-fil-A, David's Burgers, Walgreens, and CVS, further enhancing its desirability. The asking price is $10,000,000, translating to $370.37 per square foot. This is one of the last remaining large development tracts on Central Avenue, representing a rare chance to acquire a significant piece of Hot Springs' commercial landscape. The property's zip code is 71913, and it's located in Garland County.