207 Airport RdHot Springs, AR 71913

Property Details for 207 Airport Rd

Year built

1978

Lot size

4.58 AC

Property size (Sq ft)

37,605 SF

Property type

Outlet malls

APN

300-06686-000C

APU

30006686000C

Description

This exceptional 36,610-square-foot retail shopping center, located at 207 Airport Road in Hot Springs, Arkansas, presents a unique investment opportunity. The property, built in 1978, is situated on a sizable 4.48-acre lot and boasts a single-story building with 223 parking spaces. Currently, the entire 36,610 square feet is available for lease or sale. The center enjoys a highly visible location with a signalized entrance, ensuring optimal accessibility for customers. Its strategic position alongside major retailers such as Kroger, Dollar Tree, and directly across from a Walmart Supercenter, guarantees significant daily traffic exceeding 18,000 vehicles. This translates to unparalleled exposure and a prime opportunity for businesses seeking high visibility and a thriving retail environment. The asking price for the sale is $3 million, while lease terms are available at $6.00 per square foot (NNN). The property is located in Garland County, Arkansas, zip code 71913. This is a rare opportunity to acquire a well-positioned, sizable retail center in a high-traffic area of Hot Springs.

• CAP approach

  CAP return

  Valuation

  6%

  $4,818,802

  6.5%

  $4,448,126

  7%

  $4,130,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,778,512

  Geo Method

  $6,778,512

• Alternative Use

  Use

  Valuation

  Residential

  $3,752,160

  Hospitality

  $3,436,959

  Educational

  $2,859,509

  Medical

  $2,957,852

  Retail

  $4,448,126

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.4897

Longitude

-93.0864

CBSA code

26300

CBSA name

HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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