$2,750,000

260 Central Avenue, Hot Springs, AR 71901

  • 80 beds |
  • 84 baths |
  • 48,632 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $57/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

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

Listing Status:
Active
Date Added:
December 8, 2024 at 06:00AM
Listing Office:
Rix Realty Advantage Team Realtors : 501-205-1900
Listing Agent:
Christopher Rix : 501-627-4075
MLS ID:
24043925
  • Rooms: None
  • Kitchen: None
  • Dining: None
  • Basement: FullUnfinishedInside AccessOutside Access/Walk-OutSump Pump
  • Flooring: WoodTileConcreteNatural Stone Tile
  • A/C: Central Cool-ElectricCentral Heat-Electric
  • Heating: Central Cool-ElectricCentral Heat-Electric
  • Fireplace: None
  • General: Brick
  • Style: Traditional
  • Parking: Other (see remarks)
  • Roofing: Other (see remarks)Rolled
  • General: Other (see remarks)Slab
  • Road/Access: Paved
  • HOA Amenities: 0.0
  • County: Garland
  • Utilities: Sewer-PublicWater-PublicElec-Municipal (+Entergy)

This listing courtesy of Christopher Rix, Rix Realty Advantage Team Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Langston Elementary Leadership Academy

120 Chestnut St, Hot Springs National Park, AR, 71901

Grades PK-6

1.03 miles away

H

Hot Springs Junior Academy

701 Main St, Hot Springs National Park, AR, 71913

Grades 7-8

2.35 miles away

H

Hot Springs World Class High School

701 Emory St, Hot Springs National Park, AR, 71913

Grades 9-12

2.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.