130 Illinois St - Self-Storage Facilities FOR SALE


Hot Springs National Park, AR 71901
$489,000 USD
760-534-8135
130 Illinois St, Hot Springs National Park, AR for Sale
$489,000 USD
Self-Storage Facilities - FOR SALE
1/22
null | Request Cap Rate

130 Illinois St
Hot Springs National Park, AR 71901


HIGHLIGHTS

  • Recent Capital Improvements
  • Home to Multiple Tourist Attractions
  • Adjacent to Hot Springs National Park
  • 5.5 sq. ft. per capita (3 Mile Radius)
  • 38,114 residents
  • Highway Visibility

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Block Space Solutions Arkansas

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

400-20900-150-001

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
760-534-8135

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Brandon RobinsonCalvary RealtyMore Info
760-534-8135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.