Log In/Sign Up
Your email has been sent.
500 Ouachita Ave
Hot Springs National Park, AR 71901
Retail Property For Sale
Investment Highlights
- ±43,204 SF mixed-use office/retail building on ±1.7 acres in downtown Hot Springs
- Over $3 million in recent renovations, including technologically advanced systems and full audio/video security infrastructure
- Ample parking with 100 surface spaces, supplemented by on-street parking along Ouachita Avenue and Hawthorne Street
- National Historic Registered property featuring high ceilings, natural skylights, and a charming landscaped courtyard and pavilion entrance
- Excellent visibility with ±463 feet of frontage on Ouachita Avenue at a signalized intersection near the Garland County Courthouse
- Zoned C-2 (Highway Commercial) allowing for a wide range of office, retail, restaurant, and service-oriented uses
Executive Summary
Offering & Price: For Sale | $4,500,000
Address 500 Ouachita Ave, Hot Springs, AR 71901
Opportunity Zone Yes
Property Type: Multi-Tenant Office/Retail
Zoning: C-2
Building & Lot Size: ±43,204 SF | ±1.7 Acres
Stories & Typical Floor Size: 2 | ±28,025 SF
Year Built/Renovated: 1920/2012/2026
Parking: 100 Surface Spaces
±43,204 SF mixed-use office/retail building on ±1.7 acres in downtown Hot Springs with flexible space for retail, office, or restaurant users
National Historic Registered property featuring high ceilings, natural skylights, and a charming landscaped courtyard and pavilion entrance
Over $3 million in recent renovations, including technologically advanced systems and full audio/video security infrastructure
Excellent visibility with ±463 feet of frontage on Ouachita Avenue at a signalized intersection near the Garland County Courthouse
Ample parking with 100 surface spaces, supplemented by on-street parking along Ouachita Avenue and Hawthorne Street
Established tenant mix including The Willow Salon, Wrapped Gift Boutique, Signature Events, Arkansas Hospice, Arkansas Care Solutions, Tri-Lakes CASA, Thomas Smith Law,
Arkansas LiveScan, Culinary District, and Taco Mama, with remaining suites available for build-to-suit
Zoned C-2 (Highway Commercial), allowing for a wide range of office, retail, restaurant, and service-oriented uses
Located in a premier tourism market attracting 3+ million visitors annually, near Hot Springs National Park, Oaklawn Racing Casino Resort, and a vibrant downtown arts and entertainment district
Address 500 Ouachita Ave, Hot Springs, AR 71901
Opportunity Zone Yes
Property Type: Multi-Tenant Office/Retail
Zoning: C-2
Building & Lot Size: ±43,204 SF | ±1.7 Acres
Stories & Typical Floor Size: 2 | ±28,025 SF
Year Built/Renovated: 1920/2012/2026
Parking: 100 Surface Spaces
±43,204 SF mixed-use office/retail building on ±1.7 acres in downtown Hot Springs with flexible space for retail, office, or restaurant users
National Historic Registered property featuring high ceilings, natural skylights, and a charming landscaped courtyard and pavilion entrance
Over $3 million in recent renovations, including technologically advanced systems and full audio/video security infrastructure
Excellent visibility with ±463 feet of frontage on Ouachita Avenue at a signalized intersection near the Garland County Courthouse
Ample parking with 100 surface spaces, supplemented by on-street parking along Ouachita Avenue and Hawthorne Street
Established tenant mix including The Willow Salon, Wrapped Gift Boutique, Signature Events, Arkansas Hospice, Arkansas Care Solutions, Tri-Lakes CASA, Thomas Smith Law,
Arkansas LiveScan, Culinary District, and Taco Mama, with remaining suites available for build-to-suit
Zoned C-2 (Highway Commercial), allowing for a wide range of office, retail, restaurant, and service-oriented uses
Located in a premier tourism market attracting 3+ million visitors annually, near Hot Springs National Park, Oaklawn Racing Casino Resort, and a vibrant downtown arts and entertainment district
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
43,204 SF
Building Class
B
Year Built/Renovated
1920/2026
Price
$6,139,080 CAD
Price Per SF
$142.10 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.93
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
60 Spaces (1.39 Spaces per 1,000 SF Leased)
Frontage
463’ on Ouachita Ave
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 400-34700-001-000C | Improvements Assessment | $385,602 CAD |
| Land Assessment | $53,233 CAD | Total Assessment | $438,835 CAD |
Property Taxes
Parcel Number
400-34700-001-000C
Land Assessment
$53,233 CAD
Improvements Assessment
$385,602 CAD
Total Assessment
$438,835 CAD
1 of 69
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
