Remarks

Historic Building with Prime Development Potential on Grand Ave: 208 & 214 W. Grand Ave. and 454 Broadway, Hot Springs, AR 71901 Square Footage: Over 8,000 sq ft Year Built: 1939 Land Size: Just over 1 acre Zoning: C1 (Commercial) Federal Opportunity Zone: Yes Property Highlights Main Building: Historic Charm: Built in 1939, this two-story building showcases the grandeur of the era with its original cut redwood construction. Spacious Interior: The building offers massive open spaces, ideal for a variety of uses including hotel, retail, office, or entertainment. Versatile Design: With over 8,000 square feet, this property can be tailored to suit your business needs. Additional Building: Frontage on High Traffic Grand Ave: Enjoy unparalleled visibility with 307 feet of frontage on Grand Ave, boasting a daily traffic count of 20,000 vehicles. Total Frontage In Package Deal: Including side road frontage, the property offers a total of 620 feet of road frontage, maximizing exposure and accessibility. Location: Prime Area for Development: Situated within feet of major hotel chains and bustling downtown Hot Springs, this property is in a high destination area perfect for new ventures. Proximity to Attractions: Just down the road from Oaklawn Racing and Casino, this location benefits from significant tourist traffic and local patronage. Federal Opportunity Zone: This property is located in a designated Federal Opportunity Zone, offering potential tax incentives for investors and developers. Investment Potential: Ideal for a New Hotel: Given its prime location, substantial frontage, and historic appeal, this property is perfect for a new hotel development. Other Business Endeavors: The C1 zoning allows for a variety of commercial uses, making this property suitable for retail, dining, office space, or entertainment venues. Additional Features: Package Deal: The property includes multiple buildings, providing additional flexibility and potential for development. Owner is offering special financing opportunities. All reasonable offers will be considered Don't miss this rare opportunity to own a piece of history in a prime location with endless possibilities for commercial development. Schedule a viewing today to explore the potential of this unique property in a Federal Opportunity Zone. For more information, please contact us.

Details

MLS#: 146460
Price: $1,600,000

Sq Ft: 8036
Year Built: 1839

County: Garland
Subdivision: HSR BLK 111