857 and 859 Park Avenue - Apartments FOR SALE


Hot Springs National Park, AR 71901
$1,500,000 USD
501-282-1179
857 and 859 Park Avenue, Hot Springs National Park, AR for Sale
$1,500,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

857 and 859 Park Avenue
Hot Springs National Park, AR 71901


OVERVIEW

This package deal is the perfect canvas for investors looking to restore a piece of Spa City history. Properties included: * The Lynwood Motel & Duplex (857 & 859 Park Ave): This 1942 classic court is on the Historic Registry and includes 16 vintage units, a 160 sqft. office, and a historic 1471 sqft. family residence (built in 1890). * Commercial Space (865 A & B Park Ave): Two units featuring high-visibility Park Avenue frontage, perfect for boutique retail or professional office use. * The Pullman Units (105 & 107 Pullman Ave): Situated just off Park Avenue, offering quiet residential, long-term, or short-term rental flexibility. Whether for cash flow or redevelopment, this is a rare opportunity to claim a major footprint in historic Hot Springs.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

16

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

400-28700-006-000C

ASK ABOUT THIS PROPERTY

Ashley LayfieldMcGraw Realtors - Hot SpringsMore Info
501-282-1179

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Ashley LayfieldMcGraw Realtors - Hot SpringsMore Info
501-282-1179

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