Property profile

5401 Central Ave Hot Springs, AR 71913

FOR LEASE
Strip malls
Property ID
US05-2186490
12,930 SF 1.38 ac lot Built 2001
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

South Ridge Plaza, located at 5401 Central Ave in Hot Springs, Arkansas, offers a prime retail leasing opportunity. This multi-tenant strip retail center comprises three single-story buildings totaling 17,140 square feet on a 1.6-acre lot. Built in 2000 and renovated in 2019, the property features excellent visibility thanks to a prominent pylon sign along Highway 7. Currently, one 2,200 square foot suite is available for lease at $12 per square foot, including a tenant finish allowance. The space is currently unfinished. The plaza boasts ample parking and is handicap accessible. Its location on the busy Central Avenue corridor provides access to a substantial market, with over 16,700 households within a 5-mile radius exhibiting strong average incomes. This established commercial area in Hot Springs presents a compelling opportunity for businesses seeking high visibility and convenient access to a dense population base. Garland County location and zip code 71913.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 12,930 SF
Lot 1.38 ac (60,113 SF)
APN 200-38900-002-000
UPID US05-2186490

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
  • Arcade & Gaming Center
  • (Bike/Boat/Book/etc) Store
  • Take-out & Catering
  • Theater & Performing Art Venue Training Center
  • Insurance Agency

Location

5401 Central Ave Hot Springs, AR 71913
Hot Springs metro Census 11901 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

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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More about this property
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