John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
Calvary Realty is pleased to present Block Space Solutions Arkansas, a self-storage investment opportunity located at 130 Illinois Street in Hot Springs, AR—within the Hot Springs Metropolitan Statistical Area, which boasts a population of 100,089. This property is offered at a pricing guidance of $489,000, representing a low $57.53 per square foot and a projected proforma cap rate of 15.76%.
The facility comprises 8,500 enclosed square feet across two single-story buildings, offering 68 units on approximately 0.78 acres of land. Originally constructed in 1986, the property has recently reopened and is currently 13% occupied, presenting strong lease-up potential for an investor seeking upside. Zoned for mini-warehouse use (APN 400-20900-150-001), it sits at the intersection of Illinois Street and Alabama Street, with visibility from Highway 70 and a daily traffic count of 8,100 vehicles.
Hot Springs is the 11th most populous city in Arkansas and a notable tourist destination, home to Hot Springs National Park, Lake Hamilton, casinos, resorts, spas, and theme parks. The city also holds historical significance as the childhood hometown of President Bill Clinton. With strong fundamentals including a low 5.5 square feet of storage per capita within a 3-mile radius (and just 4.14 sq. ft. within 1 mile), the market is well-positioned for future growth. Recent capital improvements, highway frontage, and tourism-driven demand create the potential for double-digit returns.