260 Central Avenue Active Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71901
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
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
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