Hot Springs, AR Sports & Entertainment Properties for Sale

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Lakeside, AR Hot Springs Village, AR Lake Hamilton, AR Bismarck, AR Royal, AR Mountain Pine, AR Fountain Lake, AR Malvern, AR

Updated: Apr 21

Historic Downtown Theater and Event Venue

1008 CENTRAL Avenue, Hot Springs, AR 71901

$1,100,000

9,252 sqft

Historic downtown venue built in 1927 in the theatre, gallery & bathhouse district
Updated HVAC with dust‑free active technology, plus electrical, plumbing, low‑flow toilets, and water heater updates
Fire sprinkler system and burglar alarm, with smoke detectors and camera system included
Metal roof and accessible approach with ramp, plus handicapped design and public restrooms
Staged audio and lighting upgrades including new LED Chauvet lighting and JBL Pro Audio with all‑digital iLive

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This listing looks promising.

Here's a quick look at some key insights for

1008 CENTRAL Avenue, Hot Springs, AR 71901

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$98K
Annual
Price @ 7% Cap

$1.4M
Above asking
Last Sold

Dec 2020
$202K
Property Type

Theater (Movie)
Built 1927

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Updated: Apr 23, 2025

Updated Historic Theater Venue

1008 Central Avenue, Hot Springs, AR 71901

$1,100,000

9,252 sqft

Updated historic downtown theatre, gallery & bathhouse district venue built in 1927
Zoned C1 for flexible redevelopment use; not in the flood plain
Updates include newer HVAC (dust free active technology), electrical updates with grounded stage, plumbing updates and low‑flow toilets
Fire protection and security: fire sprinkler system, burglar alarm, and video surveillance, plus smoke detectors
Entertainment systems updated with new LED Chauvet lighting, new JBL Pro Audio, and all‑digital iLive

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Hot Springs Commercial Land Opportunity

Belvedere Drive, Hot Springs, AR 71901

$489,000

5.60 AC lot

Commercial land with redevelopment potential in Hot Springs, Arkansas.

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Remodeled Multi-Level Commercial Building

1100 & 1034 Malvern Avenue, Hot Springs, AR 71913

$1,875,000

15,000 sqft

Fully remodeled, three-level commercial building with an open floor plan and modern updates, ready for adaptable uses.

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Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 4 Active listings in Hot Springs, AR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Gymnasium on 5 Acres For Sale

8201 Frenchmans Ln, Little Rock, AR 72209

$329,000

8,000 sqft 5.00 AC lot

8,000 SF gymnasium on 5 acres near I-30.

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Land Near Village Amenities

31 GALICIA WAY, Hot Springs Village, AR 71909

Contact for pricing

0.25 AC lot

Land in Hot Springs Village near fitness, tennis, and golf.

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Freestanding Sports Training Facility

10 Viewpointe Cove, Little Rock, AR 72223

Contact for pricing

NNN leased 18,102 SF D1 sports training facility with a new 14.5-year lease and annual 2% rent increases.

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Golf Course Homesite Opportunity

4 Redondo Trace, Hot Springs Village, AR 71909

$33,900

Build your dream home on this golf course lot.

$35,450

Golf course lot in Hot Springs Village's Diamante subdivision.

$540,000

Estimated value

28,023 sqft 0.69 AC lot

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BOWLING ALLEY

3917 Central Ave, Hot Springs, AR 71913-7210

$590,000

Estimated value

27,897 sqft 1.50 AC lot

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THEATER (MOVIE)

351 Lk Hamilton Dr, Hot Springs, AR 71913

$590,000

Estimated value

24,252 sqft 2.97 AC lot

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THEATER (MOVIE)

170 Ravine St, Hot Springs, AR 71901-3516

Value Estimation by Request

14,030 sqft 0.74 AC lot

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THEATER (MOVIE)

909 Higdon Fry Rd, Hot Springs, AR 71913-6211

Value Estimation by Request

18,036 sqft

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ARCADES (AMUSEMENT)

2614 Albert Pike Rd, Hot Springs, AR 71913-4513

Unit 2634

Value Estimation by Request

4,396 sqft 0.73 AC lot

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Hot Springs, AR Sports & Entertainment Properties Market Trends and Statistics

Explore 14 sports & entertainment properties for sale in Hot Springs, AR, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 33,504 square feet of properties for sale, with an estimated market value of $4,564,000.

Sale prices for sports & entertainment properties in Hot Springs, AR start at $489,000, averaging $1,141,000, and reaching up to $1,875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 95K

Population Growth (5Y) +5.1%

Median Household Income $57,120

College Educated 14.7%

High-Yield Neighborhoods for Investment

Identify Hot Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Hot Springs National Park - 71901	$489K

Listings Trend

New vs delisted commercial listings in Garland County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Hot Springs fall within the 100,000+ square foot range.

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