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835 Central Ave

70,310 SF 80% Leased 4-Star Office Building Hot Springs, AR 71901 £4,299,563 (£61/SF)

Investment Highlights

  • Ample parking
  • Many offices offer scenic views of the surrounding city and Hot Springs National Park
  • Close proximity to municipal, cultural, and economic amenities

Executive Summary

835 Central Ave in downtown Hot Springs offers an exceptional office investment opportunity in the heart of the city. The former Regions Bank building boasts a prominent location at the gateway to historic downtown, walking distance to major attractions like Bathhouse Row, the convention center, and an array of shopping and dining options. The 70,310 square foot, five-story office building features a large two-story parking deck with approximately 180 spaces, plus ample street parking and roughly 18,000 vehicles per day along Central Avenue. Many of the building's office spaces provide impressive downtown views further enhanced by the skybridge crossing Broadway. This versatile commercial asset presents an appealing option for investors seeking a stake in one of Hot Springs most prominent properties.

Attachments

835 Central Ave Teaser 2024

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
70,310 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1974
Price
£4,299,563
Price Per SF
£61
Percent Leased
80%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
14,062 SF
Slab to Slab
10 ft
Building FAR
0.94
Land Acres
1.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-1
Parking
175 Spaces (2.49 Spaces per 1,000 SF Leased)

Amenities

  • Natural Light
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 2,000-14,000 SF
  • Office
  • Partial Build-Out
  • Now

The Property is located at 835 Central Avenue, Hot Springs, Arkansas. This five-story office building has street level access on the 1st floor via Broadway Street and on the 2nd level facing Central Avenue. There is a large parking deck with covered and open free parking. There is free parking on Market Street and additional metered parking on Broadway. The building is located in the heart of historic downtown Hot Springs and is within walking distance to the Convention Center and City Hall and within a mile of the County Courthouse.

Space Size Space Use Condition Available
2nd Floor 2,000-14,000 SF Office Partial Build-Out Now

2nd Floor

Size
2,000-14,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size 2,000-14,000 SF
Space Use Office
Condition Partial Build-Out
Available Now

The Property is located at 835 Central Avenue, Hot Springs, Arkansas. This five-story office building has street level access on the 1st floor via Broadway Street and on the 2nd level facing Central Avenue. There is a large parking deck with covered and open free parking. There is free parking on Market Street and additional metered parking on Broadway. The building is located in the heart of historic downtown Hot Springs and is within walking distance to the Convention Center and City Hall and within a mile of the County Courthouse.

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Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(501) 258-5500

  • Listing ID: 31612535

  • Date on Market: 25/04/2024

  • Last Updated:

  • Address: 835 Central Ave, Hot Springs, AR 71901

The Office Property at 835 Central Ave, Hot Springs, AR 71901 is currently available For Sale. Contact Colliers | Arkansas for more information.

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835 Central Ave, Hot Springs, AR for sale Building Photo- Image 1 of 7
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835 Central Ave, Hot Springs, AR for sale Building Photo- Image 2 of 7
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835 Central Ave, Hot Springs, AR for sale Building Photo- Image 5 of 7
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835 Central Ave, Hot Springs, AR for sale Building Photo- Image 6 of 7
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© 2024 CoStar Group

835 Central Ave
(501) 258-5500 x

835 Central Ave

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Brian Gehrki

(501) 258-5500

(501) 258-5500

Karolyn Fankhouser

(501) 627-2141

(501) 627-2141

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