• Hot Springs, AR 71901

  • 8,036 SqFt
  • Other / Owner Financing

Property Details for null St, Hot Springs, AR 71901

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Historic Building with Prime Development Potential on Grand Ave: 208 & 214 W. Grand Ave. and 454 Broadway, Hot Springs, AR 71901 Square Footage: Over 8,000 sq ft Year Built: 1939 Land Size: Just over 1 acre Zoning: C1 (Commercial) Federal Opportunity Zone: Yes Property Highlights Main Building: Historic Charm: Built in 1939, this two-story building showcases the grandeur of the era with its original cut redwood construction. Spacious Interior: The building offers massive open spaces, ideal for a variety of uses including hotel, retail, office, or entertainment. Versatile Design: With over 8,000 square feet, this property can be tailored to suit your business needs. Additional Building: Frontage on High Traffic Grand Ave: Enjoy unparalleled visibility with 307 feet of frontage on Grand Ave, boasting a daily traffic count of 20,000 vehicles. Total Frontage In Package Deal: Including side road frontage, the property offers a total of 620 feet of road frontage, maximizing exposure and accessibility. Location: Prime Area for Development: Situated within feet of major hotel chains and bustling downtown Hot Springs, this property is in a high destination area perfect for new ventures. Proximity to Attractions: Just down the road from Oaklawn Racing and Casino, this location benefits from significant tourist traffic and local patronage. Federal Opportunity Zone: This property is located in a designated Federal Opportunity Zone, offering potential tax incentives for investors and developers. Investment Potential: Ideal for a New Hotel: Given its prime location, substantial frontage, and historic appeal, this property is perfect for a new hotel development. Other Business Endeavors: The C1 zoning allows for a variety of commercial uses, making this property suitable for retail, dining, office space, or entertainment venues. Additional Features: Package Deal: The property includes multiple buildings, providing additional flexibility and potential for development. Owner is offering special financing opportunities. All reasonable offers will be considered Don't miss this rare opportunity to own a piece of history in a prime location with endless possibilities for commercial development. Schedule a viewing today to explore the potential of this unique property in a Federal Opportunity Zone. For more information, please contact us.

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Property Brokerage: ESQ. Realty Group-Hot Springs 127 Hawthorne St Hot Springs AR 71913
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.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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