260 Central Avenue
Hot Springs, AR 71901

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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

Features

• Property Type: Condo/Townhouse
• Sub Type: Condo/Townhse/Duplex/Apt
• Listing Status: Active
• County/Area: Garland County
• Zip Code: 71901
• Year Built: 1895
• Subdivision/Neighborhood: Hot Springs Reservation
• Sq.Ft.: 48,632 sq ft
• Style: Traditional
• Bedrooms: 80
• Full Baths: 80
• Half Baths: 4
• Basement: Full, Unfinished, Inside Access, Outside Access/Walk-Out, Sump Pump
• Lot Size: 16553 sq ft lot
• Listing Office: Rix Realty Advantage Team Realtors
• Baths: 84
• View: Yes, See Lot
• Approx Lot Dimensions: 95x175
• Exterior: Brick
• Floors: Wood, Tile, Concrete, Natural Stone Tile
• Foundation: Slab
• Heat & Air: Central Cool-Electric, Central Heat-Electric
• Inside City Limits: Yes
• Lot: Resort Property, Mountain View
• Parking: Other (See Remarks)
• Road Surface: Paved
• Roof: Other (See Remarks), Rolled
• Source Of Sf: Tax Records
• Utilities: Sewer-Public, Water-Public, Elec-Municipal (+entergy)
• Walls/Ceilings: Plaster