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1900 Malvern Ave - Income-Producing Medical Condo 6,650 SF Medical Condo Unit Offered at $1,495,000 in Hot Springs, AR 71901
INVESTMENT HIGHLIGHTS
- ±6,650 SF medical clinic available for sale, offered as a stand-alone opportunity or part of a four-property portfolio of income-producing medical off
- Fully renovated ground-floor clinic with high-end finishes for Heart Clinic.
- Connected to National Park Medical Center & positioned at a signalized intersection.
- Long-term lease (NNN) in place with annual escalations to an established credit tenant.
- Located on the first floor of the Ouachita Professional Medical Building (HPR) in the heart of Hot Springs’ medical corridor.
- Easy access to MLK Expressway and major arterials and surrounded by medical offices, hospital, Hot Springs Country Club, Oaklawn Casino Resort.
EXECUTIVE SUMMARY
1900 Malvern Ave, Suite 102 | Hot Springs, AR ±6,650 SF medical clinic available for sale, offered as a stand-alone opportunity or part of a four-property portfolio of income-producing medical offices.
PROPERTY FACTS
| Total Building Size | 6,650 SF | Floors | 1 |
| Property Type | Health Care (Condo) | Typical Floor Size | 6,650 SF |
| Property Subtype | Hospital | Year Built | 1985 |
| Building Class | B | Lot Size | 0.35 AC |
| Zoning | PDD - Planned Development District | ||
| Total Building Size | 6,650 SF |
| Property Type | Health Care (Condo) |
| Property Subtype | Hospital |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,650 SF |
| Year Built | 1985 |
| Lot Size | 0.35 AC |
| Zoning | PDD - Planned Development District |
1 UNIT AVAILABLE
Unit 102
| Unit Size | 6,650 SF | Condo Use | Medical |
| Price | $1,495,000 | Sale Type | Investment |
| Price Per SF | $224.81 |
| Unit Size | 6,650 SF |
| Price | $1,495,000 |
| Price Per SF | $224.81 |
| Condo Use | Medical |
| Sale Type | Investment |
DESCRIPTION
±6,650 SF medical clinic available for sale, offered as a stand-alone opportunity or part of a four-property portfolio of income-producing medical offices
SALE NOTES
- Long-term lease (NNN) in place with annual escalations to an established credit tenant
- Fully renovated ground-floor clinic with high-end finishes for Heart Clinic
- Located on the first floor of the Ouachita Professional Medical Building (HPR) in the heart of Hot Springs’ medical corridor
- Connected to National Park Medical Center
- Easy access to MLK Expressway and major arterials
- Signalized intersection at Malvern Avenue & Hollywood Drive
- Surrounded by medical offices, hospital, Hot Springs Country Club, Oaklawn Casino Resort, banks, restaurants, and services
Zoned PDD
1 1
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| National Park Medical |
-
|
November 2034
|
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1900 Malvern Ave - Income-Producing Medical Condo
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