225 Malvern Avenue Hot Springs, AR ^$ 2,500,000

225 Malvern Avenue

^$ 2,500,000

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225 Malvern Avenue

Hot Springs, AR, 71901

^$ 2,500,000

Studio Baths0.0 Sq 42,000

Monthly Estimate*

^$ 16,616

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Studio

Commercial Property for sale in Hot Springs, AR

for $2,500,000. This 42,000 square foot building was built in 1969 on a lot size of 0.45.

Location, location, location! Downtown Hot Springs! Building and land! Let your imagination soar! So many possibilities: entertainment venue, shopping mall/food court just steps from the Convention Center. Adjacent to public parking. Ample parking half a block away. Newer roof. Main level has over 19,000 sq ft. Upper level plus basement. Two bay doors in the back plus drive-in basement. Fabulous traffic count and visibility! Once in a lifetime opportunity! Laundry equipment belongs to tenant. NEW ROOF!!

Commercial Active

Price

^$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,432

Style

Contemporary

Lot Size

0.45

Year Built

1969

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

18026166

Features

General

Heating Central Heat-Unspecified Central Air - unspecified

Utilities Sewer-Public Water-Public Electric-Co-op

Roof Tar and Gravel

Year Built 1969

Tenant Pays None

Subdivision HSR BLK AR

Style Contemporary

Stories Three Story

County Garland

Class Commercial / Industrial

Type Building and Land

Business Type Building and land only

Business Name Former Craighead Laundry

Inside City Limits Yes

Status Active

Docs on File Legal Description Property Disclosure

Primary City Hot Springs

Virtual Tour https://snapmagicmedia.hd.pics/225-Malvern-Ave/idx

Directions North on Malvern Avenue just past Convention Blvd on the right.

City Hot Springs

Street Name Malvern Avenue

DOM 2104

Postal Code 71901

Price Per Sq Ft Total 59.52

Coming Soon Location location location! Downtown Hot Springs! Building and land! Let your imagination soar! So many possibilities: entertainment venue shopping mall/food court just steps from the Convention Cent

Exterior

Exterior Stucco Block Stone

Road Surface Paved

Foundation Other (see remarks)

Lot Size Area 0.45

Lot Dimensions 19630

Lot Level

Parking 20

Interior

Floors Concrete

* Excluded Features

List By

Pamela Bates

Listing Agent

Southern Realty Of Hot Springs-Hsv Branch

Broker

southernrealtyhs@att.net

Affordability Calculator

$17,402

Per Month

Monthly Principal & Interest: $16,616
Monthly Property Taxes: $786
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hot Springs, AR

Average List Price ^$885,070

Percent of Sale Price 65%

About Hot Springs, AR

15,306 Population

35% Since 2002

^$53,252 Median Income

70.79 Median Age

8% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

886427 Elementary School

886671 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/2/2023	$2,500,000		Listed Price

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225 Malvern Avenue, Hot Springs, AR, 71901 is a Commercial Property for sale at $2,500,000 with 42,000 sqft and a lot size of 0.45. 225 Malvern Avenue is a studio with 0.0 baths and was built in 1969. The property's zip code is 71901 which is in Hot Springs, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Cooperative Arkansas REALTORS Multiple Listing Services, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/1/2024.

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225 Malvern Avenue

Commercial Property for sale in Hot Springs, AR

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