214 Grand AveHot Springs, AR 71901

Property Details for 214 Grand Ave

Year built

1970

Lot size

0.70 AC

Property size (Sq ft)

12,432 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

400-52950-005-000

APU

40052950005000

Description

Grand Avenue Plaza presents a prime retail investment opportunity in Hot Springs, Arkansas. This 10,870-square-foot freestanding strip center is situated on a high-traffic intersection at 214 E Grand Ave, 71901, boasting over 15,000 vehicles per day. The 0.71-acre lot provides ample parking for customers. The property's Net Net Net (NNN) lease structure offers a straightforward ownership experience. The multi-tenant configuration allows for diverse income streams. This location benefits from excellent visibility and proximity to established businesses, including McDonald's and Walgreens, ensuring a strong customer base. The property's retail nature and strategic placement make it an attractive option for investors seeking a stable and potentially high-return investment in a thriving commercial area of Garland County. The property is classified as a shopping center and strip center, offering flexibility for a variety of retail tenants. This is a rare opportunity to acquire a well-located, established retail center in a growing market. The property's size and location make it ideal for a variety of retail uses.

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.5037

Longitude

-93.0464

CBSA code

26300

CBSA name

HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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