307 Carpenter Dam RdHot Springs, AR 71901

Property Details for 307 Carpenter Dam Rd

Year built

2007

Lot size

0.19 AC

Property size (Sq ft)

3,408 SF

Property type

Office buildings

APN

400-08605-005-000C

APU

40008605005000C

Description

This exceptional 0.19-acre commercial land parcel is situated within the prestigious Carpenter Professional Office Park in Hot Springs, Arkansas. Conveniently located off the MLK Expressway, this O-1 zoned lot offers a prime opportunity for office, medical, or service-related commercial development. The property boasts tranquil green space views and benefits from ample shared parking within the established office park. Its proximity to major retail centers on Central Avenue and Higdon Ferry Road (less than four miles away) provides excellent accessibility for both businesses and clients. The lot is ideally suited for build-to-suit projects, with provisions allowing for two-story buildings to maximize usable square footage. High visibility from Carpenter Dam Road ensures excellent signage opportunities. The asking price is $149,000. This build-ready site presents a compelling investment opportunity in a thriving, modern campus setting. The property's APN is 400-08610-005-000C and the address is 307 Carpenter Dam Road, Hot Springs, AR 71901.

• CAP approach

  CAP return

  Valuation

  6%

  $297,082

  6.5%

  $274,229

  7%

  $254,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,774

  Geo Method

  $243,774

• Alternative Use

  Use

  Valuation

  Residential

  $340,044

  Hospitality

  $311,479

  Educational

  $259,147

  Medical

  $268,059

  Retail

  $403,117

Location Insight

City

Hot Springs National Park

County

Garland

State

Arkansas

Latitude

34.4681

Longitude

-93.0196

CBSA code

26300

CBSA name

HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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