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228 Prospect Avenue

Hot Springs, AR 71901
  • $325,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 153888
UPDATED: 15 min ago
$325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,520
    SQFT
  • $43
    $/SQFT
Type:
Commercial
Built:
1890
County:
Area:

School Ratings & Info

Description

Steeped in history and timeless character, 228 Prospect Avenue, famously known as the Knickerbocker Building, dates back to the 1920s and stands as a remarkable piece of architectural heritage. This iconic property offers a rare opportunity to own a historically significant building with limitless potential in a highly desirable location. Zoned commercial, the property provides exceptional flexibility for a variety of uses, including the ability for new owners to pursue short-term rental licenses and permits, subject to city approval. Whether envisioned as a boutique STR, mixed-use development, or creative commercial venture, the Knickerbocker Building presents a compelling canvas for restoration, reinvention, or expansion. With its rich past, enduring presence, and favorable zoning, 228 Prospect Avenue is an outstanding opportunity for investors or visionaries seeking to blend history with future-forward possibilities in a growing market. Sellers have 60K worth of plans for this property that will convey with the sale.

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www.lakehamiltonlakehomes.com/homes/172295589
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228 Prospect Avenue Hot Springs, AR 71901

  • Price: $325,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 15 min ago
  • MLS #: 153888
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,520
SQFT
$43
$/SQFT
1890
Built
Neighborhood:
Darch &Amp; Knickerbocker Subdivision
County:
Garland
Area:
Hot Springs
Property Description
Steeped in history and timeless character, 228 Prospect Avenue, famously known as the Knickerbocker Building, dates back to the 1920s and stands as a remarkable piece of architectural heritage. This iconic property offers a rare opportunity to own a historically significant building with limitless potential in a highly desirable location. Zoned commercial, the property provides exceptional flexibility for a variety of uses, including the ability for new owners to pursue short-term rental licenses and permits, subject to city approval. Whether envisioned as a boutique STR, mixed-use development, or creative commercial venture, the Knickerbocker Building presents a compelling canvas for restoration, reinvention, or expansion. With its rich past, enduring presence, and favorable zoning, 228 Prospect Avenue is an outstanding opportunity for investors or visionaries seeking to blend history with future-forward possibilities in a growing market. Sellers have 60K worth of plans for this property that will convey with the sale.
Property Features

Approx Frontage 49 ft +/- Business Use Type Other (See Remarks) Estimated Annual Taxes 274 Sale Rent For Sale Type Commercial Building Utilities Available Electric Will Subdivide YN No Zoning C-G General Comm DistrictC-R Reg Comm District

 
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Rachelle McClard | Lake Homes Realty
250 Ledgerwood Rd Apt 15
Hot Springs AR, 71913