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340 Park Ave
Hot Springs, AR 71901
Retail Property For Sale
Executive Summary
This turnkey, well-maintained 2,158sf building offers a prime commercial opportunity on a highly visible corner lot in Hot Springs' Central Business District. Boasting key capital upgrades—including a new roof, new mini split heat and air unit, and a new tankless water heater. The property features a versatile layout complete with three bays with overhead doors, a dedicated office/reception area. It also has covered and paved parking area. Positioned directly on Highway 7 (Park Avenue) just north of Bathhouse Row, the location benefits from excellent signage visibility and a high-traffic count of 13,000± vehicles per day, making it an ideal, move-in-ready hub for contractors, automotive services, or retail businesses.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,160 SF
Building Class
C
Year Built
1945
Price
$229,000
Price Per SF
$106.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
3 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
71’ on Park Ave
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 400-28150-004-000 | Improvements Assessment | $15,170 |
| Land Assessment | $4,490 | Total Assessment | $19,660 |
Property Taxes
Parcel Number
400-28150-004-000
Land Assessment
$4,490
Improvements Assessment
$15,170
Total Assessment
$19,660
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