3736 Park Ave Hot Springs, AR 71901
- Residential income homes
- 2,860 SF
- 1.33 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3736 Park Ave
- Year built
- 1936
- Lot size
- 1.33 lot acres
- Property size
- 2,860 SF
- Property type
- Residential income homes
- APN
- 3519
Description
This exceptional investment opportunity presents a 2-unit multifamily property situated on a sprawling 1.33-acre lot boasting 320 feet of highway frontage on Park Avenue in Hot Springs, Arkansas. The property, identified by APN 3519, includes two buildings, each two stories high, totaling 2,860 square feet of net rentable space. Constructed in 1936, the main structure has undergone significant improvements, featuring a brand-new roof, windows, and exterior paint. While the interior has been fully gutted, it's primed for renovation and customization. Adding to the property's versatility is an 18' x 50' tiny home, ready for completion. The expansive lot offers ample space for additional development, enhanced by over 300 feet of creek frontage, providing exceptional access to both Hot Springs and Hot Springs Village. The unrestricted zoning allows for a wide range of uses, making this property ideal for a short-term rental portfolio or other entrepreneurial ventures. The property's location just outside Hot Springs city limits on a four-lane highway ensures convenient access and high visibility. This is a rare chance to acquire a substantial property with significant upside potential in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -92.9948659
- Latitude
- 34.5628545
