3034 Central Ave - Freestanding FOR SALE


Hot Springs National Park, AR 71913
$1,800,000 USD
501-525-3444
3034 Central Ave, Hot Springs National Park, AR for Sale
$1,800,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

NEW


3034 Central Ave
Hot Springs National Park, AR 71913


HIGHLIGHTS

  • Centrally Located at the Center of Hot Springs, Arkansas
  • Directly across the street from Oaklawn Racing and Casino
  • Heavy Traffic Flow

OVERVIEW

This property offers: • Located In the center of Hot Springs • Prime visibility and accessibility • Immediate proximity to Oaklawn Racing Casino Resort • Strong long-term appreciation potential • Heavy traffic exposure (over 40,000 daily traffic) • Future redevelopment upside • Scarcity of available surrounding inventory • Strategic connectivity to nearby real estate holdings Do not let this opportunity pass you by. We are not simply pricing this property based on today’s value alone — we are pricing it based on where this market is heading. Surrounding Properties recently sold: •Small Strip Mall Corner Property Sold for $1.1 Million on 11/1/2018 • Bank Property Lot Sold for $1.75 Million on 3/12/2019 • Regions Property Lot (.771 Acres) Sold for $1.05 Million on 4/29/2020 • Farmers Co-Op Property (1.33 Acres) Sold for $3 Million on 12/23/2019 Additional surrounding tract sizes include: • Bank of America Site – .483 Acres • Shopping Center Site – .482 Acres • Gas Station Site – .517 Acres Many of these parcels are smaller than the property being offered, yet they achieved substantial market values strictly because of location, visibility, and future growth potential surrounding Oaklawn. Do not let this opportunity pass you by. We are not simply pricing this property based on today’s value alone — we are pricing it based on where this market is heading.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Service Station, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,215 SF

ZONING

Commercial

APN/PARCEL ID

300-07697-000

ASK ABOUT THIS PROPERTY

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501-525-3444

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Bridgett CollinsElite Exteriors Roofing and RestorationMore Info
501-525-3444

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