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Home For Sale

Picture of Home For Sale in Hot Springs, Arkansas, United States

$2,750,000

260 Central Ave
Hot Springs, Arkansas, United States

80bd 80.5ba

Listed By: Realtyww Info

Listed On: 07/22/2025

Listing ID: GL11887503 View More Details

Description

Federal and State Historic Tax Credit approved 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. Ground level is in the Highest foot traffic with 4 retail tenants producing long term rental income and the lobby for upstairs. 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 + some 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. An Aloft Hotel is in process a couple doors up. The long term investment will certainly provide for generational wealth transfer. 256, 258, 260, 262 and 264 Central Avenue Hot Springs National Park, Arkansas 71901 mostly tourist town with 2 million plus visitors/year immediate paved walking or mountain hiking and biking trails neighboring restaurants, hotels and shopping public springs for drinking water incredible air quality overall relaxed informal area casino lake area

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Listed by: Chris Rix
Source: The World Property Journal

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