About 260 Central Avenue
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 of 260 Central Avenue
| MLS® # | 24043925 |
|---|---|
| Price | $2,750,000 |
| Bedrooms | 80 |
| Bathrooms | 82.00 |
| Full Baths | 80 |
| Half Baths | 4 |
| Square Footage | 48,632 |
| Acres | 0.38 |
| Year Built | 1895 |
| Type | Residential |
| Sub-Type | Condo/Townhse/Duplex/Apt |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 260 Central Avenue |
|---|---|
| Area | Hot Springs School District |
| Subdivision | Hot Springs Reservation |
| City | Hot Springs |
| County | Garland |
| State | AR |
| Zip Code | 71901 |
Amenities
| Utilities | Sewer-Public, Water-Public, Elec-Municipal (+Entergy) |
|---|---|
| Parking | Other (see remarks) |
| View | Mountain View |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | None |
|---|---|
| Heating | Central Heat-Electric |
| Cooling | Central Cool-Electric |
| Fireplace | No |
| Fireplaces | None |
| Stories | Other (see remarks) |
| Has Basement | Yes |
| Basement | Inside Access, Full, Unfinished, Outside Access/Walk-Out, Sump Pump |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Resort Property |
| Roof | Rolled, Other (see remarks) |
| Foundation | Slab |
Additional Information
| Date Listed | December 8th, 2024 |
|---|---|
| Days on Market | 37 |
| Foreclosure | No |
| Short Sale | No |
| HOA Fees | 0.00 |
| HOA Fees Freq. | None |
Listing Details
| Agent | Christopher Rix |
|---|---|
| Office | Rix Realty Advantage Team Realtors |