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Additional details
$ 193,000
Est. payment /mo
Active
520 E GRAND Avenue Hot Springs, AR 71901
7,930 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Building
Listing Status Active
Purchase Type For Sale
Square Footage 7,930 sqft
Price per Sqft $24
Subdivision Hsr
MLS Listing ID 155391
Year Built 1965
Annual Tax Amount $1,455
Tax Year 2025
Property Sub-Type Commercial Building
Property 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.
Location
State AR
County Garland
Area Hot Springs
Zoning C-R Reg Comm District
Exterior
Parking Features 11-20 Spaces
Utilities Available Electric, Gas-Natural, Sewer-Public, Water-Public
Building
Foundation Slab
Level or Stories One Story
Listed by Rix Realty - Advantage Team Realtors
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Nathan Cain
Agent | License ID: SA00097581