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700 Central Avenue

Hot Springs, AR 71901
  • $1,550,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 154063
UPDATED: 44 min ago
$1,550,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,564
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1895
County:
Area:

School Ratings & Info

Description

BUILDING ONLY-DOES NOT INCLUDE BUSINESS Corner Lot on Central Avenue – High-Visibility Investment in Historic Downtown Hot Springs Situated at the prominent intersection of Central Avenue and Prospect Avenue, this large-scale commercial property offers immediate income and endless potential. Spanning more than 8,500 sq ft, the building provides ample space for retail, dining, entertainment, or redevelopment—right in the heart of Hot Springs. Property Highlights: ± 8,564 SqFt of versatile commercial space Prime corner frontage along bustling Central Avenue Same family ownership since 1901 – a true legacy property Flexible layout ideal for multiple business types or mixed-use concepts Exceptional visibility and steady pedestrian & vehicle traffic Located in the Opportunity Zone Potential eligibility for State, Federal, and Historic Tax Credits

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www.lakehamiltonlakehomes.com/homes/172889606
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700 Central Avenue Hot Springs, AR 71901

  • Price: $1,550,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 44 min ago
  • MLS #: 154063
0
Beds
0
Baths
0
½ Baths
0.1
Acres
8,564
SQFT
$181
$/SQFT
1895
Built
Neighborhood:
Hsr Blk 77
County:
Garland
Area:
Hot Springs
Property Description
BUILDING ONLY-DOES NOT INCLUDE BUSINESS Corner Lot on Central Avenue – High-Visibility Investment in Historic Downtown Hot Springs Situated at the prominent intersection of Central Avenue and Prospect Avenue, this large-scale commercial property offers immediate income and endless potential. Spanning more than 8,500 sq ft, the building provides ample space for retail, dining, entertainment, or redevelopment—right in the heart of Hot Springs. Property Highlights: ± 8,564 SqFt of versatile commercial space Prime corner frontage along bustling Central Avenue Same family ownership since 1901 – a true legacy property Flexible layout ideal for multiple business types or mixed-use concepts Exceptional visibility and steady pedestrian & vehicle traffic Located in the Opportunity Zone Potential eligibility for State, Federal, and Historic Tax Credits
Interior Features

Stories Two Story

Property Features

Approx Frontage 49 Business Use Type RetailRestaurantIncome Estimated Annual Taxes 3298.97 Lease Type Double Net Possession At Closing Price Includes Real Estate Road Surface Paved Sale Rent For Sale Tax Year 2025 Type Commercial Building Utilities Available ElectricSewer-PublicWater-Public Warranty As-IsPrsnt Cnd at Clsng Will Subdivide YN No Zoning CBD Central Bus. District

 
https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_154063-2.jpg https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_154063-2.jpg https://bt-photos.global.ssl.fastly.net/hotsprings/1280_boomver_1_154063-2.jpg
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Rachelle McClard | Lake Homes Realty
250 Ledgerwood Rd Apt 15
Hot Springs AR, 71913