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332 Central Avenue

Hot Springs, AR 71901
  • $1,650,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 153883
UPDATED: 85 min ago
$1,650,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,918
    SQFT
  • $208
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

Prime Central Avenue Investment – Nearly 8,000 SqFt in Historic Downtown Hot Springs Don’t miss this rare opportunity to own a large commercial property in one of the most sought-after locations in Arkansas. With nearly 8,000 sq ft of versatile space, this property is perfectly positioned for retail, dining, entertainment, or mixed-use development—offering both immediate income and long-term growth potential. Property Highlights: ± 7,919 SqFt of flexible commercial and residential space Same family ownership since 1901 – a true Hot Springs legacy property Immediate income from 2 ground-floor retail spaces and 2 upstairs condos Directly across from Bathhouse Row Exceptional Central Avenue frontage with heavy pedestrian traffic Surrounded by thriving restaurants, shops, and downtown attractions Located in the Opportunity Zone Potential eligibility for State, Federal, and Historic Tax Credits

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www.lakehamiltonlakehomes.com/homes/172289664
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332 Central Avenue Hot Springs, AR 71901

  • Price: $1,650,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 85 min ago
  • MLS #: 153883
0
Beds
0
Baths
0
½ Baths
0.21
Acres
7,918
SQFT
$208
$/SQFT
1910
Built
Neighborhood:
Hsr Blk 89
County:
Garland
Area:
Hot Springs
Property Description
Prime Central Avenue Investment – Nearly 8,000 SqFt in Historic Downtown Hot Springs Don’t miss this rare opportunity to own a large commercial property in one of the most sought-after locations in Arkansas. With nearly 8,000 sq ft of versatile space, this property is perfectly positioned for retail, dining, entertainment, or mixed-use development—offering both immediate income and long-term growth potential. Property Highlights: ± 7,919 SqFt of flexible commercial and residential space Same family ownership since 1901 – a true Hot Springs legacy property Immediate income from 2 ground-floor retail spaces and 2 upstairs condos Directly across from Bathhouse Row Exceptional Central Avenue frontage with heavy pedestrian traffic Surrounded by thriving restaurants, shops, and downtown attractions Located in the Opportunity Zone Potential eligibility for State, Federal, and Historic Tax Credits
Property Features

Approx Frontage 52 Business Use Type RetailMulti-Family Estimated Annual Taxes 4596.12 Price Includes Lease ValueReal Estate Sale Rent For Sale Tax Year 2025 Type Commercial Building Utilities Available ElectricSewer-PublicWater-Public Will Subdivide YN No Zoning CBD Central Bus. District

 
https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_153883-2.jpg https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_153883-2.jpg https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_153883-2.jpg
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Rachelle McClard | Lake Homes Realty
250 Ledgerwood Rd Apt 15
Hot Springs AR, 71913