835 Central Ave - Office FOR SALE


Hot Springs, AR 71901
$5,495,000 USD
501-627-2141
835 Central Ave, Hot Springs, AR for Sale
$5,495,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

835 Central Ave
Hot Springs, AR 71901


HIGHLIGHTS

  • Located at the prominent entrance to historic downtown Hot Springs, adjacent to major cultural and tourism destinations.
  • Features a two-story parking structure with approximately 180 spaces, along with additional street parking.
  • Offers frontage along three roads, ensuring maximum exposure to high traffic volumes on Hwy 7 and Central Avenue.
  • Positioned across from the Hot Springs Convention Center and steps from Bathhouse Row and retail corridors.
  • Zoned for commercial business with flexible redevelopment potential for office, condos, or hotel use.
  • Designated within a federally recognized Opportunity Zone, enabling investors to leverage preferential tax treatment.

OVERVIEW

835 Central Ave. enjoys one of the most prominent locations in downtown Hot Springs. The former Regions Bank main branch is situated at the gateway to historic downtown Hot Springs, walking distance to the convention center, City Hall, Bathhouse Row and some of the best dining and shopping in the area and within a mile of the county courthouse. The five-story building features a large parking deck with both covered and open parking and street-level access on the first floor via Broadway Street and the second floor via Central Avenue. Both free and metered parking is also available on Broadway and the area features approximately 18,000 vehicles per day along Central Ave. Many of the offices within the building boast great downtown views and the skybridge crossing Broadway Ave. offers great views and natural lighting.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

C-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Karolyn FankhouserColliers | ArkansasMore Info
501-627-2141

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Karolyn FankhouserColliers | ArkansasMore Info
501-627-2141

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