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1325 Albert Pike Rd
Hot Springs, AR 71913

Retail Property For Sale

Retail Space Arkansas Hot Springs 1325 Albert Pike Rd, Hot Springs, AR 71913

Investment Highlights

  • The Center’s location at the intersection of Albert Pike Rd. and Airport Rd. is one of the highest-traveled areas in Hot Springs (25,000 VPD)
  • Proximity to big-box retailers including Walmart, Kroger, Sutherlands and Big Lots
  • Multiple outparcel options available with excellent synergy with existing QSRs along Albert Pike Rd.
  • Hot Springs attractions like Oaklawn Casino and Resort, Lake Hamilton and Lake Ouachita drive tourism year-round

Executive Summary

Value-add opportunity for a new owner to increase occupancy and rents by investing in capital improvements for the façade, landscaping and overall appearance of the property. Potential to convert one of the big boxes into medical, surgical or specialized use – other users to consider include H&E Equipment Services, Southern Tire Mart, Marshall’s, Esporta Fitness, Lucid Motors, POOLCORP or a variety of fast-casual restaurants.

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Building Size
107,050 SF
Building Class
C
Year Built
1973
Price
$7,821,000 CAD
Price Per SF
$73 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
8.33 AC
Parking
478 Spaces (4.47 Spaces per 1,000 SF Leased)
Frontage
749 ft on Albert Pike Rd

Amenities

  • Pylon Sign
  • Signage

PROPERTY TAXES

Parcel Numbers
Multiple
  • 300-06634-001C
  • 082707
 Improvements Assessment $1,536,211 CAD
Land Assessment $180,019 CAD Total Assessment $1,716,230 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 300-06634-001C
  • 082707
Land Assessment
$180,019 CAD
Improvements Assessment
$1,536,211 CAD
Total Assessment
$1,716,230 CAD
 

  • Listing ID: 31364547

  • Date on Market: 2024-03-29

  • Last Updated:

  • Address: 1325 Albert Pike Rd, Hot Springs, AR 71913

The Retail Property at 1325 Albert Pike Rd, Hot Springs, AR 71913 is currently available for sale. Contact Moses Tucker Partners for more information.

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