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Investment Highlights
- High traffic area
- Open Floor plan and brick walls
- Lots of natural light
Executive Summary
Awesome opportunity in the heart of historical Hot Springs, where character & commerce meet under one remarkable roof. This commercial gem brims with potential, ready for the visionary entrepreneur eager to plant roots in one of Arkansas's most beloved destinations. Once inside, the high ceilings make the space feel vast & large windows flood the space with loads of natural light, creating an airy and welcoming atmosphere. The building is ready for someone’s imagination and creativity to recreate this unique space. The structure itself is solid & dependable with undeniable historical charm. This property is eligible to be permitted for short-term rental, opening the door to a lucrative income stream fueled by the city's thriving tourism. Visitors flock to Hot Springs year-round for its springs, scenery, & small-town magnetism and your future guests could be staying right here. Location, charm, and flexibility rarely arrive in one tidy package. With tourists pouring in and loads of potential, this is the kind of opportunity savvy buyers dream about. Properties with this much promise do not stay on the market long. Schedule your private showing today!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,171 SF
Year Built
1920
Price
$335,000
Price Per SF
$105.64
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.07 AC
Opportunity Zone
Yes
Frontage
38’ on Ouachita Ave
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 400-34700-006-000C | Improvements Assessment | $13,790 |
| Land Assessment | $3,230 | Total Assessment | $17,020 |
Property Taxes
Parcel Number
400-34700-006-000C
Land Assessment
$3,230
Improvements Assessment
$13,790
Total Assessment
$17,020
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540 Ouachita Ave
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