260 Central Avenue, Hot Springs AR, 71901

Active

260 Central Avenue

Hot Springs AR, 71901

$2,750,000

$56.55 per sqft

Active

80 Beds

84 Baths

48,632 sqft

Condos

Built in 1895

Federal & State Historic Tax Credit approved. Ground level is in the Highest foot traffic with 4 retail tenants producing long term rental income and the lobby for upstairs. 80 +/- units on floors 2-5 for redevelopment opportunity in the heart of downtown Hot Springs National Park, Arkansas just across from the thermal springs that made it famous. Street level retail is nicely updated and fire sprinkled. Upper floors with incredible Carrera Marble, common hallways with original pristine Mosaic tile floors, vast National Park mountain views with lush greenery, adjacent architecture sights and on South facing side views as far as the eye can see. Every unit has high ceilings, sensible floor plan opportunity + several original bathrooms in tact. There is an elevator shaft and original elevator car. There are 2 skylights, one is stained leaded glass. Preservation work such as retail spaces remodeled to current code, debris removal, some basement work and TPO Membrane roofing. The last building in downtown of this magnitude. Most all downtown buildings have sold, are redeveloped, being held for future plans or are in process of remodel.256, 258, 260, 262 & 264 Central Avenue,HS,AR 71901

24043925

MLSⓇ ID

December 8, 2024

Listed

December 15, 2024

Updated

Map

260 Central Avenue
Hot Springs AR, 71901

Interior Features

Bedrooms: 80
Total Bathrooms: 84
Full Bathrooms: 80
Half Bathrooms: 4
Appliances: None
Floor Description: Wood, Tile, Concrete, Natural Stone Tile
Fireplace: No
Fireplace Description: None
Cooling: No
Cooling Description: Central Cool-Electric, Central Heat-Electric
Heating: No

Exterior/Building Features

Lot Size: 0.38 Acres
Exterior Features: Brick
Lot Features: Resort Property, Mountain View
Architectual Style: Traditional
Roof: Other (see remarks), Rolled

Other Property Details

Area Name: HOT SPRINGS SCHOOL DISTRICT
Days on Market: 7
Garage: No
Parking: Other (see remarks)
View: No
Pool: No
Waterfront: Yes

Courtesy of Rix Realty Advantage Team Realtors, Christopher Rix

Listing Contact: 501-627-4075

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Data last updated 12/15/2024, 6:47 AM UTC.