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260 CENTRAL Avenue, Hot Springs, AR 71901

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For Sale

$2,750,000

80 beds • 80 baths • 4 half baths • 48,632 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Townhouse
    Property type

  • $56.55
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Federal & State Historic Tax Credit approved. Ground level is in the Highest foot traffic with 4 retail tenants producing long term rental income and the lobby for upstairs. 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. 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 + several 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 begun a couple doors up. 256, 258, 260, 262 & 264 Central Avenue Hot Springs National Park, Arkansas 71901 *mostly tourist town with 2 million plus visitors/year *immediate paved walking or mountain hiking & biking trails *neighboring restaurants, hotels & shopping *public springs for drinking water *incredible air quality *overall relaxed informal area *casino/Thoroughbreds *lake area The long term investment will certainly provide for generational wealth transfer.
MLS# 147258

Courtesy Of RIX REALTY - ADVANTAGE TEAM REALTORS

(501) 205-1900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Sky light
  • Architecture Style
    New Traditional
  • Exterior Type
    Brick
  • Floor Covering
    Concrete, Tile, Wood
  • Heating System
    Central Furnace
  • Lot Size
    0.38 Acres
  • Rooms
    Basement
  • View Type
    City, Mountain

Map and Directions

Directions to 260 CENTRAL Avenue, Hot Springs, AR 71901

Home seller CENTURY 21 Parker & Scroggins Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Parker & Scroggins Realty

(501) 762-1748
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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Copyright © 2024 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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