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
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1895
Living Area: 48,632 SqFt
Listing Office:
Office Name: Rix Realty Advantage Team Realtors
Office Phone: (501) 205-1900
Listing Agent: Christopher Rix
Interior Features
Interior Information:
Appliances: None
Basement: Yes
Flooring Type: Wood, Tile, Concrete, Natural Stone Tile
Fireplace: None
Bedroom and Bathroom Information:
Partial Bathrooms: 4
Full Bathrooms: 80
Total Bedroom Count: 80
Exterior Features
Exterior Information:
View: Mountain(s)
Parking Information:
Parking: Other (see remarks)
Lot Features
Lot Information:
Lot: Views
Lot Size: 0.38 Acres
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air
Other
Directions Information:
Directions: 256-264 Central Avenue Across from Bathhouse Row & Adjacent the Arlington
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $57/SqFt
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Housing Market Comparison
See how this home compares to others in Hot Springs, AR.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Langston Elementary Leadership Academy
120 Chestnut St
Distance between this listing and this school1.04 miles
Public Magnet Grades PK-6
7
/10
Park Magnet IB World School
617 Main St
Distance between this listing and this school2.23 miles
Public Magnet Grades PK-6
4
/10
Oaklawn STEM Magnet School
301 Oaklawn St
Distance between this listing and this school2.31 miles
Public Magnet Grades PK-6
Nearby Schools
7
/10
Lakeside Middle School
1110 Lakeshore Dr
Distance between this listing and this school4.48 miles
Public District Grades 5-7
6
/10
Fountain Lake Middle School Cobra Digital Preparatory Academy
4207 Park Ave
Distance between this listing and this school5.43 miles
Public Charter Grades 5-8
5
/10
Lake Hamilton Middle School
120 Wolf St
Distance between this listing and this school10.22 miles
Public District Grades 6-7
Nearby Schools
5
/10
Hot Springs World Class High School
701 Emory St
Distance between this listing and this school2.94 miles
Public Charter Grades 9-12
4
/10
Cutter-Morning Star High School
2801 Spring St
Distance between this listing and this school3.75 miles
Public District Grades 7-12
9
/10
Lakeside High School
2871 Malvern Ave
Distance between this listing and this school4.33 miles
The neighbors living near this home have an average income of $20,567. Most Hot Springs, AR residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Hot Springs, AR
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Hot Springs, AR?
Hot Springs offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The housing market is dynamic, with a homeownership rate that reflects a healthy balance between owners and renters within the community.
Is Hot Springs, AR a good place to live?
Hot Springs is celebrated for its unique blend of natural beauty and historical significance. The community prides itself on its namesake hot springs and the historic Bathhouse Row, which together create a distinctive atmosphere. The city's character is further enriched by its art galleries, music festivals, and the famous Hot Springs National Park, offering residents a serene yet culturally vibrant lifestyle.
Are things conveniently located in Hot Springs, AR?
The community is served by a range of essential services, including public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is accessible through local clinics and a hospital equipped to provide a variety of medical services. Retail and dining establishments are plentiful, offering both local and international cuisine, and the city is proactive in adapting its services to meet the evolving needs of its residents.
What does the transportation in Hot Springs, AR look like?
Transportation in Hot Springs includes a network of roads that connect residents to key areas within the city and beyond. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout also supports a degree of walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and entertainment. While specific ride-sharing services are operational, the community's transport infrastructure continues to evolve to enhance connectivity and convenience.
Frequently Asked Questions About 260 Central Ave
What is the listing price of this property?
The listing price of 260 Central Ave property is $2,750,000.
What type of property is this?
The property 260 Central Ave is a condo located in Hot Springs, Arkansas, 71901.
Is this property for sale now?
Active Listing: 260 Central Ave is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 260 Central Ave has 80 bedrooms and 80 full and 4 half bathrooms.
What is the square footage of this property?
The property 260 Central Ave is 48,632 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 260 Central Ave is 1895.
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This home is located at 260 Central Ave in Hot Springs, AR and zip code 71901. This 48,632 square foot home, which was built in 1895, sits on a 0.38 acre lot. Features: 80 bedrooms, 84 bathrooms. It has been listed on Rocket Homes since December 08, 2024 and is currently priced at $2,750,000.
While more than 8 listings in Hot Springs, AR in November 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 24 were sold below. In November 2024 in Hot Springs, AR there were 1.5% more homes for sale than in October 2024.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.
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