520 E Grand Avenue,Hot Springs, AR 71901
Hot Springs, AR 71901
Description
Excellent commercial investment opportunity on the east side of Hot Springs with strong visibility and direct access to the Little Rock Highway corridor. 514 E. Grand Avenue is a retail strip center offering approximately 5,845 square feet (approximately 543 square meters) divided into three rentable units. One tenant is currently operating a successful vintage resale shop, providing immediate income potential. The property features ample storefront parking, an adjacent lot, excellent corner positioning, and outstanding street visibility with a high daily traffic count. Significant improvements and updates have been completed since the current owner acquired the property. Connected to the center, 520 E. Grand Avenue offers an additional 2,085 square feet (approximately 194 square meters) and is currently occupied by an HVAC business. This section includes a garage door for convenient loading and unloading access, making it ideal for service-oriented or light industrial commercial use. Electric and gas utilities are separately metered, creating flexibility for both ownership and tenant management. This is an excellent opportunity for investors seeking a well-positioned income-producing commercial property along one of the main corridors of Hot Springs. The property may also be purchased in conjunction with additional investment properties from the same investor portfolio. Feel free to conduct a site visit; however, please do not disturb the tenants or their ongoing business operations.
Details
| MLS # | 155391 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 126 |
| Listing Provided By | Rix Realty - Advantage Team Realtors | Chris Rix |
Features
| SQ Feet | 7,930 |
|---|---|
| Story(s) | 1 |
Exterior
| Exterior Features | Dumpster |
|---|---|
| Foundation | Slab |
Parking
| Parking | 11-20 Spaces |
|---|
Taxes
| Property | 1455 |
|---|
Area Information
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71901 |
| Area | Garland |
| Community Name | Hsr |
| Listing VS Median (in Hsr) | |
Price: $193,000 low | high Med: $335,000 sqft: 7,930 low | high Med: 3,171 $ / sqft: $24 low | high Med: $106 On site: 126 low | high Med: 81 | |
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Learn More About This Property
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71901 |
| Area | Garland |
| Community Name | Hsr |
| Listing VS Median (in Hsr) | |
Price: $193,000 low | high Med: $335,000 sqft: 7,930 low | high Med: 3,171 $ / sqft: $24 low | high Med: $106 On site: 126 low | high Med: 81 | |