Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1895
Sq.Footage
48,632
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
Features & Amenities
Interior
-
Other Interior Features
Elevator
Area & Lot
-
Lot Size(acres)
0.38
-
Property Type
Commercial Sale
-
Architectural Style
Traditional
Exterior
-
Garage
No
-
Construction Materials
Brick
Financial
-
Sales Price
$2,750,000
-
Tax Amount
9742.0
-
Zoning
Central Business
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Location
County
Garland
Elementary School
Middle School
High School
Listing Courtesy of Christopher Rix , Rix Realty Advantage Team Realtors
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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