See all 50 photos

$2,750,000

Est. payment - /mo

Save

48,632 SqFt

Active

260 Central Avenue Hot Springs, AR 71901

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Jun

Mon

Jun

Tue

Jun

Micah Ribbing

micah.ribbing@gmail.com +1(501) 218-5944

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 48,632 sqft

Price per Sqft $56

Subdivision Hot Springs Reservation

MLS Listing ID 24043942

Style Traditional

Year Built 1895

Tax Year 2023

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Building and Land

Property Description

Federal & State Historic Tax Credit approved. Ground level is in the Highest foot traffic with 4 retail tenants producing long term rental income and the lobby for upstairs. 80 +/- units on floors 2-5 for redevelopment opportunity in the heart of downtown Hot Springs National Park, Arkansas just across from the thermal springs that made it famous. Street level retail is nicely updated and fire sprinkled. Upper floors with incredible Carrera Marble, common hallways with original pristine Mosaic tile floors, vast National Park mountain views with lush greenery, adjacent architecture sights and on South facing side views as far as the eye can see. Every unit has high ceilings, sensible floor plan opportunity + several original bathrooms in tact. There is an elevator shaft and original elevator car. There are 2 skylights, one is stained leaded glass. Preservation work such as retail spaces remodeled to current code, debris removal, some basement work and TPO Membrane roofing. The last building in downtown of this magnitude. Most all downtown buildings have sold, are redeveloped, being held for future plans or are in process of remodel.256, 258, 260, 262 & 264 Central Avenue,HS,AR 71901

Location

State AR

County Garland

Area Hot Springs School District

Interior

Interior Features Sprinkler, Elevator, Display Window

Heating Central Cool-Electric, Central Heat-Electric

Flooring Wood, Tile, Other (see remarks)

Exterior

Exterior Feature Pole Sign, Door Sign

Parking Features On Street

Utilities Available Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural

Roof Type Other (see remarks)

Building

Lot Description Resort Property, Mountain View

Foundation Slab

New Construction No

Listed by Rix Realty Advantage Team Realtors • Christopher Rix

GET MORE INFORMATION

Micah Ribbing

REALTOR | License ID: SA00096985

+1(501) 218-5944