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    OFF-MARKET
    Retail space

    829 Central Ave, Hot Springs, AR 71901-5397

    2,195 SF 0.05 ac lot Built 1908
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-2165929
    Property summary
    AI-generated overview

    This exceptional 2,195 square foot retail space is ideally situated on Central Avenue in the heart of historic downtown Hot Springs, Arkansas. The property, housed in a beautifully renovated building (2024), boasts a prime streetfront location on one of the city's busiest thoroughfares. Built in 1908, the four-story building offers a unique blend of historical charm and modern updates. The entire 2,195 square feet is currently vacant and ready for immediate occupancy. The 0.6-acre lot provides ample space and visibility. This location offers unparalleled access to foot traffic and is directly across from the planned site of a new hotel development, promising increased exposure and potential synergy. The property's single-tenancy setup provides flexibility and control for the lessee. This is a rare opportunity to establish a thriving business in a vibrant and growing downtown area. The property is located in Garland County, Arkansas, with a 71901 zip code. This retail space presents a compelling investment opportunity in a highly desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1908
    Total area 2,195 SF
    Lot 0.05 ac (2,250 SF)
    APN 400-33050-005-000
    UPID US05-2165929
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Loan Till Payday Online Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Myredannie 32 LLC · 3 yrs held
    Myredannie 32 LLC
    since 2023
    Last sale
    $525,000
    1 recorded transaction
    2023
    $525,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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