Active
260 Central Avenue
Hot Springs AR, 71901
$2,750,000
$56.55 per sqft
Active
48,632 sqft
Commercial
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
24043942
MLSⓇ ID
December 9, 2024
Listed
December 15, 2024
Updated
Map
260 Central Avenue
Hot Springs AR, 71901
Interior Features
Interior Features
Sprinkler, Elevator, Display Window
Floor Description
Wood, Tile, Other (see remarks)
Fireplace
No
Cooling
No
Cooling Description
Central Cool-Electric, Central Heat-Electric
Heating
No
Exterior/Building Features
Lot Size
0.38 Acres
Exterior Features
Pole Sign, Door Sign
Lot Features
Resort Property, Mountain View
Architectual Style
Traditional
Roof
Other (see remarks)
Other Property Details
Area Name
HOT SPRINGS SCHOOL DISTRICT
Taxes
$9,742
Tax Frequency
Annually
Days on Market
7
Garage
No
Parking
On Street
View
No
Pool
No
Waterfront
Yes
Zoning
Central Business
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.
