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835 Central Ave
Hot Springs, AR 71901
Office Property For Sale
Investment Highlights
- Located at the prominent entrance to historic downtown Hot Springs, adjacent to major cultural and tourism destinations.
- Offers frontage along three roads, ensuring maximum exposure to high traffic volumes on Hwy 7 and Central Avenue.
- Zoned for commercial business with flexible redevelopment potential for office, condos, or hotel use.
- Features a two-story parking structure with approximately 180 spaces, along with additional street parking.
- Positioned across from the Hot Springs Convention Center and steps from Bathhouse Row and retail corridors.
- Designated within a federally recognized Opportunity Zone, enabling investors to leverage preferential tax treatment.
Executive Summary
835 Central Ave. enjoys one of the most prominent locations in
downtown Hot Springs. The former Regions Bank main branch is
situated at the gateway to historic downtown Hot Springs, walking
distance to the convention center, City Hall, Bathhouse Row and
some of the best dining and shopping in the area and within a
mile of the county courthouse. The five-story building features
a large parking deck with both covered and open parking and
street-level access on the first floor via Broadway Street and the
second floor via Central Avenue. Both free and metered parking is
also available on Broadway and the area features approximately
18,000 vehicles per day along Central Ave. Many of the offices
within the building boast great downtown views and the skybridge
crossing Broadway Ave. offers great views and natural lighting.
downtown Hot Springs. The former Regions Bank main branch is
situated at the gateway to historic downtown Hot Springs, walking
distance to the convention center, City Hall, Bathhouse Row and
some of the best dining and shopping in the area and within a
mile of the county courthouse. The five-story building features
a large parking deck with both covered and open parking and
street-level access on the first floor via Broadway Street and the
second floor via Central Avenue. Both free and metered parking is
also available on Broadway and the area features approximately
18,000 vehicles per day along Central Ave. Many of the offices
within the building boast great downtown views and the skybridge
crossing Broadway Ave. offers great views and natural lighting.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
70,310 SF
Building Class
B
Year Built
1974
Price
$5,495,000
Price Per SF
$78.15
Percent Leased
63%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
14,062 SF
Slab To Slab
10’
Building FAR
0.94
Lot Size
1.72 AC
Opportunity Zone
Yes
Zoning
C-1 - Central Business District
Parking
95 Spaces (1.35 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Air Conditioning
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