130 Illinois St

Situated in the vibrant Hot Springs Metropolitan Statistical Area with a population of 100,089 residents, Block Space Solutions Arkansas presents an enticing investment opportunity. With pricing guidance set at $399,000 and a pro-forma cap rate of 15.81%, this property offers attractive returns potential. Comprising 68 units within 8,500 square feet of enclosed space across two buildings, the property boasts a gross land square footage of 33,933 and occupies 0.78 acres of land. Although currently at 0% physical occupancy, recent capital improvements enhance its market appeal and value proposition. Strategically located at the intersection of Illinois St. and Alabama St. with visibility from Highway 70, the property benefits from high traffic count and highway exposure. Moreover, Hot Springs, known as the 11th most populous city in Arkansas, offers a diverse range of attractions including casinos, resorts, spas, theme parks, and the renowned Hot Springs National Park. With a low price per square foot and substantial square footage per capita within a 3-mile radius, Block Space Solutions Arkansas presents an opportunity for investors to capitalize on the dynamic real estate market in Hot Springs. Additionally, its proximity to various tourist destinations and historical landmarks adds to its investment appeal, making it an asset worth considering in the bustling Arkansas market.