260 Central Avenue Active Save Request In-Person Tour Request Virtual Tour
Hot Springs,AR 71901
Key Details
Property Type Condo, Townhouse
Sub Type Condo/Townhse/Duplex/Apt
Listing Status Active
Purchase Type For Sale
Square Footage 48,632 sqft
Price per Sqft $56
Subdivision Hot Springs Reservation
MLS Listing ID 24043925
Style Traditional
Bedrooms 80
Full Baths 80
Half Baths 4
Year Built 1895
Annual Tax Amount $9,742
Tax Year 2023
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Condo/Townhse/Duplex/Apt
Property Description
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.256, 258, 260, 262 & 264 Central Avenue,HS,AR 71901
Location
State AR
County Garland
Area Hot Springs School District
Rooms
Other Rooms None
Basement Full,Inside Access,Outside Access/Walk-Out,Sump Pump,Unfinished
Dining Room None
Kitchen None
Interior
Heating Central Cool-Electric,Central Heat-Electric
Flooring Concrete,Natural Stone Tile,Tile,Wood
Fireplaces Type None
Equipment None
Exterior
Parking Features Other (see remarks)
Utilities Available Sewer-Public,Water-Public,Elec-Municipal (+Entergy)
Roof Type Other (see remarks),Rolled
Building
Lot Description Resort Property,Mountain View
Story Other (see remarks)
Foundation Slab
New Construction No