5609 Central Ave Hot Springs National Park, AR 71913-9647
This exceptional commercial property in Hot Springs, Arkansas, presents a unique investment opportunity. Situated on a 0.77-acre lot at 5609 Central Avenue, this 7,848 square foot building boasts a versatile open floor plan, ideal for a variety of commercial uses. Previously utilized as a gymnastics and cheerleading facility, the expansive interior offers ample space for customization and redevelopment. The property includes 35 parking spaces, with additional perimeter access enhancing convenience and functionality. Located on Central Avenue/Highway 7 South, the property benefits from high visibility and convenient access. A shared driveway with adjacent businesses (not included in the sale) provides added convenience. Road expansion projects in the area are complete, further enhancing accessibility and visibility. The asking price is below appraised value, making this a compelling investment opportunity. The property's size and location make it suitable for a wide range of commercial ventures, offering significant potential for return on investment. This is a rare chance to acquire a substantial commercial property in a thriving Arkansas market. The property is ready for its next chapter, offering a blank canvas for a creative entrepreneur or investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.