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Home for Sale at 260 Central in Hot Springs, AR for $2,750,000

Listing data last changed 12/15/2024
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260 Central | HOT SPRINGS SCHOOL DISTRICT

$2,750,000 | 80 Beds | 84 Baths (80 Full, 4 Half) | 48,632 Sq. Ft.

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 CARMLS 24043925 Directions to property: 256-264 Central Avenue Across from Bathhouse Row & Adjacent the Arlington

MLS Listing ID: 
CARMLS 24043925
Listing Pricing
Pricing information for this listing.
List Price: 
$2,750,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Condominium
Primary Market Area: 
HOT SPRINGS SCHOOL DISTRICT
Address: 
260 Central, Hot Springs, AR 71901, USA
County: 
Garland
Directions: 
256-264 Central Avenue Across from Bathhouse Row & Adjacent the Arlington
Public Remarks: 
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
Community Information
Subdivision: 
HtSprngRs
Building Details
Details about the building on a property.
Architectural Style: 
Traditional
Year Built: 
1895
New Construction: 
0
Living Area: 
48,632
Basement: 
Full, Inside Access, Outside Access/Walk-Out, Sump Pump, Unfinished
Fireplaces: 
None
Floors: 
Concrete, Natural Stone Tile, Tile, Wood
Walls/Ceilings: 
Plaster
Bedrooms: 
Other-See Remarks
Dining Area: 
None
Construction
Foundation Details: 
Slab
Roof: 
Other (see remarks), Rolled
Exterior: 
Brick
Room Details
Details about the rooms in the building.
Total Bedrooms: 
80
Total Bathrooms: 
84
Total Full-Bathrooms: 
80
Total Half-Bathrooms: 
4
Utilities
Information about utilities available on the property.
Heating System: 
Central Cool-Electric, Central Heat-Electric
Utilities: 
Sewer-Public, Water-Public, Elec-Municipal (+Entergy)
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.38
Lot Size (Dimensions): 
95x175
Waterfront: 
0
Property Features: 
Resort Property, Mountain View
Lot Features
Parking Type: 
Other (see remarks)
Road Surface: 
Paved
Public Record
Annual Tax: 
$9,742.00
Contract Details
Details about the listing contract.
Possession: 
At Closing, Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Rix Realty Advantage Team Realtors

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