Photo Gallery
$2,750,000
0
Beds
0
Baths
48,632
Sqft
260 CENTRAL Avenue, Hot Springs, Arkansas, 71901
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MLS# 147262
Federal & State Historic Tax Credit approved. Ground level is in
$2,750,000
260 CENTRAL Avenue, Hot Springs, Arkansas, 71901
0
Beds
0
Baths
48,632
Sqft
0
Acres
$2,750,000
260 CENTRAL Avenue, Hot Springs, Arkansas, 71901
0 Beds
0 Baths
48,632 Sqft
0 Acres
Accessibility Features
Accessible Elevator Installed
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. An Aloft Hotel is begun a couple doors up. 256, 258, 260, 262 & 264 Central Avenue Hot Springs National Park, Arkansas 71901 *mostly tourist town with 2 million plus visitors/year *immediate paved walking or mountain hiking & biking trails *neighboring restaurants, hotels & shopping *public springs for drinking water *incredible air quality *overall relaxed informal area *casino/Thoroughbreds *lake area The long term investment will certainly provide for generational wealth transfer.
599 days
on BarrierFreeHome.com
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Property Details
0 Beds
0 Baths
48,632 Sqft
Built 1895
0 Acres
No Patio
Central, Electric (Heating)
Siding : Brick
Other, See Remarks Roof
$9,742 Property Tax
Hot Springs Reservation Community
Garland County
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Location
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Ad Statistics
Ad Number
5184944
Viewed
18 times
Added
Jul 24, 2024
Updated on
Jul 24, 2024
Listing Information
Data Source
Hot Springs Board of Realtors
Source Property ID
147262
Compliance
Listing Agent: Chris Rix, RIX REALTY - ADVANTAGE TEAM REALTORS, 501-205-1900, 501-205-1900 Listing Site, Listing Status: Active
Copyright © 2025 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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