1384 Higdon Ferry RdHot Springs, AR 71913

Property Details for 1384 Higdon Ferry Rd

Year built

2013

Lot size

0.92 AC

Property size (Sq ft)

6,308 SF

Property type

Retail properties

Property subtype

Community centers

APN

400-18060-004-000C

APU

40018060004000C

Description

This exceptional 2,550-square-foot retail or restaurant space is situated in a thriving Hot Springs, AR location. Part of a three-suite, single-story building totaling 6,075 square feet, this property boasts a convenient drive-thru. The building was constructed in 2013 and features 51 parking spaces. This corner space enjoys high visibility on Higdon Ferry Road, benefiting from significant traffic counts (ARDOT GIS data: Highway 70 - 34,000 vehicles, Higdon Ferry Rd - 14,000 vehicles). The property is strategically located in a retail strip center alongside established businesses such as Elegant Nails and Panda Express. Its prime location offers easy access to major thoroughfares, including Highway 70, and is directly across from CHI St. Vincent Hot Springs Hospital. The 0.91-acre lot shares space with prominent national retailers including Sam's Club, Dick's Sporting Goods, PetSmart, Michael's, and Best Buy, ensuring high foot traffic and brand recognition. This is a remarkable opportunity for businesses seeking a high-traffic, well-established location in a bustling commercial area. The property offers a single-story building with multiple suites.

• CAP approach

  CAP return

  Valuation

  6%

  $808,324

  6.5%

  $746,145

  7%

  $692,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,052

  Geo Method

  $1,137,052

• Alternative Use

  Use

  Valuation

  Residential

  $629,401

  Hospitality

  $576,528

  Educational

  $479,665

  Medical

  $496,161

  Retail

  $746,145

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.4687

Longitude

-93.0693

CBSA code

26300

CBSA name

HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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