AR > Hot Springs > Hot Springs Reservation
Hot Springs, AR 71901,260 Central Avenue
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Hot Springs, AR 71901,260 Central Avenue
Hot Springs, AR 71901,260 Central Avenue
Hot Springs, AR 71901,260 Central Avenue
Hot Springs, AR 71901,260 Central Avenue
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Chrystal Nave

Chrystal Nave

Real Broker

+1(501) 455-1455
$ 2,750,000
Est. payment /mo
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Active

260 Central Avenue Hot Springs, AR 71901

80 Beds

82 Baths

48,632 SqFt

UPDATED:

12/15/2024 06:19 AM

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

Listed by Rix Realty Advantage Team Realtors • Christopher Rix
agent

Chrystal Nave

Agent | License ID: SA00072210

+1(501) 455-1455

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260 Central Avenue