Commercial: MLS #24001918 Hot Springs, AR ^$ 799,950

Commercial: MLS #24001918

^$ 799,950

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Commercial: MLS #24001918

Hot Springs, AR, 71913

^$ 799,950

Studio Baths0.0 Sq 7,500

Monthly Estimate*

^$ 5,317

Studio

Commercial Property for sale in Hot Springs, AR

for $799,950. This 7,500 square foot building was built in 1991 on a lot size of 1.27.

Fantastic investment opportunity! This property boasts a thriving mechanic shop with five bays, a spacious front office, and a showroom. Additionally, there's an on-site apartment with three bedrooms, two full baths, a walk-in pantry, and a laundry room - perfect for Airbnb potential. The 54 storage units offer additional income, and one unit is currently lease to an upholster company. Enjoy price visibility and location from the bypass of Higdon Ferry. Don't miss out on this versatile investment! Motivated Seller!!

Commercial Active

Price

^$ 799,950

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,227

Style

Lot Size

1.27

Year Built

1991

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

24001918

Features

General

Heating Central Cool-Electric Central Heat-Gas

Utilities Electric-Municipal Gas-Natural

Roof Metal

Exterior Features Fully Fenced Storage Building

Year Built 1991

Tenant Pays Other (see remarks)

Subdivision 19-3S-16W AR

Style Other (see remarks)

Stories Two Story

County Garland

Class Commercial / Industrial

Type Building and Land

Business Type Mechanic Shop/ Storage

Business Name Car Doctor

Tax Year 2023

Inside City Limits No

Status Active

Docs on File None

Primary City Hot Springs

Directions From bypass go South on Higdon Ferry Road .4 miles to right on Section Line Way Right on Section Line Trail. Property is on the right.

City Hot Springs

Street Name Section Line

DOM 131

Postal Code 71913

Price Per Sq Ft Total 106.66

Coming Soon Fantastic investment opportunity! This property boasts a thriving mechanic shop with five bays a spacious front office and a showroom. Additionally there's an on-site apartment with three bedrooms tw

Exterior

Exterior Metal/Vinyl Siding

Road Surface Paved

Foundation Slab

Lot Size Area 1.27

Lot Dimensions 1.27

Lot Level Cleared

Parking 0

Interior

Floors Vinyl

* Excluded Features

List By

Amy Brown

Listing Agent

Mcgraw Realtors - Hs

Broker

amy@mcgrawrealtors.com

Affordability Calculator

$5,752

Per Month

Monthly Principal & Interest: $5,317
Monthly Property Taxes: $436
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hot Springs, AR

Average List Price ^$918,442

Percent of Sale Price 15%

About Hot Springs, AR

15,306 Population

35% Since 2002

^$53,252 Median Income

70.79 Median Age

8% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

886427 Elementary School

886671 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/9/2024	$799,950	-5.89%	Price Down
1/19/2024	$850,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Cooperative Arkansas REALTORS Multiple Listing Services, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/29/2024.

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Commercial: MLS #24001918

Commercial Property for sale in Hot Springs, AR

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