3301 Central Avenue

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3301 Central Avenue

Hot Springs, AR 71913
Asking Price
$3.17M
Asset Type
Retail
Class
Class B

What's Special

3301 Central Avenue is situated in a high-traffic retail corridor in Hot Springs, Arkansas. The property is located along the city’s primary north-south thoroughfare, surrounded by a mix of national retailers, local businesses, and hospitality flags. The neighborhood is characterized by its proximity to the Oaklawn Racing Casino Resort and several established residential communities. Multiple access points and clear visibility from Central Avenue facilitate regional transportation, while the nearby intersection with Higdon Ferry Road serves as a major local transit node for the surrounding Garland County area. The location is suited for a variety of general retail uses, including branded showrooms, light food service, or boutique storefronts. Given the consistent vehicle counts and proximity to tourist attractions, the site fits the profile for national franchises or regional service providers seeking high exposure. Typical tenants for this asset class include convenience-oriented businesses, specialty retailers, or professional service offices that benefit from prominent signage and ease of customer access in a developed commercial zone.

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NOI
$80,000
Cap Rate
2.53%
DSCR
0.43
Underwater
Cash-on-Cash
-11.37%
Monthly Payment
$15,663.641
Annual Cash Flow
$-107,963.687

Location & Travel Times