For Sale
$1,550,000

1 Airport RdHot Springs, AR 71913

40-acre mixed-use development opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional 40-acre commercial land parcel ideally situated in Hot Springs, Arkansas, at 1 Airport Road, presents a remarkable mixed-use development opportunity. This high-growth area boasts prominent frontage on Airport Road, Weston Road, and an expressway off-ramp, ensuring unparalleled visibility and accessibility. The property features a daily traffic count of 38,000 vehicles, providing significant exposure for any development. All utilities are readily available, simplifying the development process. The expansive lot size allows for diverse development options, complemented by its dual zoning: C-4 Regional Commercial/Open Display and R-2 Suburban Residential. Built in 1900, the property offers 30 parking spaces and is priced at $1,550,000, or $0.87 per square foot (based on a source of 1,778,554 square feet). The property's central turning lane further enhances its appeal and functionality. This prime location, coupled with its versatile zoning and high traffic volume, makes it an exceptional investment prospect for developers seeking a high-impact project. Tenant expenses including taxes, insurance, maintenance, trash, electric, gas, water/sewer, internet, cable/TV, and telephone are paid by the tenant. The property benefits from highway frontage and proximity to an interstate.

Highlights

  • 40-acre commercial land parcel in Hot Springs, AR.
  • 1,778,554 square feet, priced at $1,550,000 ($0.87/SF).
  • Mixed-use zoning (C-4 Regional Commercial/Open Display and R-2 Suburban Residential).
  • High visibility with frontage on Airport Road, Weston Road, and an expressway off-ramp; 38,000 daily vehicle traffic count.
  • All utilities available; tenant pays all expenses (taxes, insurance, maintenance, trash, electric, gas, water/sewer, internet, cable/TV, telephone).

Property Details for 1 Airport Rd

Property type
Land, Industrial properties
Year Built
1900
Lot Size (sq. ft)
1,742,400 SF

Location Insight

City
Hot Springs
County
Garland
State
Arkansas
Latitude
34.4914909
Longitude
-93.0856095
1 Airport Rd, Hot Springs, Arkansas

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1 Airport Rd
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