Property summary
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
VerifiedCap rate & NOI
Current use
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Arcade & Gaming Center
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(Bike/Boat/Book/etc) Store
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Take-out & Catering
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Theater & Performing Art Venue Training Center
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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