260 Central Ave Hot Springs, AR 71901
Property details
About 260 Central Ave
Federal & State Historic Tax Credit approved. Ground level is in the Highest foot traffic with 4 retail tenants producing long term rental income and the lobby for upstairs. 80 +/- units on floors 2-5 for redevelopment opportunity in the heart of downtown Hot Springs National Park, Arkansas just across from the thermal springs that made it famous. Street level retail is nicely updated and fire sprinkled. Upper floors with incredible Carrera Marble, common hallways with original pristine Mosaic tile floors, vast National Park mountain views with lush greenery, adjacent architecture sights and on South facing side views as far as the eye can see. Every unit has high ceilings, sensible floor plan opportunity + several original bathrooms in tact. There is an elevator shaft and original elevator car. There are 2 skylights, one is stained leaded glass. Preservation work such as retail spaces remodeled to current code, debris removal, some basement work and TPO Membrane roofing. The last building in downtown of this magnitude. Most all downtown buildings have sold, are redeveloped, being held for future plans or are in process of remodel. An Aloft Hotel is begun a couple doors up. 256, 258, 260, 262 & 264 Central Avenue Hot Springs National Park, Arkansas 71901 *mostly tourist town with 2 million plus visitors/year *immediate paved walking or mountain hiking & biking trails *neighboring restaurants, hotels & shopping *public springs for drinking water *incredible air quality *overall relaxed informal area *casino/Thoroughbreds *lake area The long term investment will certainly provide for generational wealth transfer.
Highlights
(ACTIVE)
Summary
- Partial Bathrooms: 4
- Full Bathrooms: 80
- Basement: Yes
- Flooring Type: Concrete, Tile, Wood
- Total Bedroom Count: 80
- Parking: On Street
- View: Mountain(s)
- Architectural Style: Traditional
- Heating: Electric, Central
- List Price: $2,750,000
- Price/SqFt: $56
- Directions: 256-264 Central Avenue Across from Bathhouse Row & Adjacent the Arlington
- Year Built: 1895
- Living Area: 48,632 SqFt
- MLS Number: 147258
- MLS Name: HotSprings
- Office Name: Rix Realty - Advantage Team Realtors
- Office Phone: (501) 205-1900
- Listing Agent: Chris Rix
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Price information
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Nearby schools
4
Langston Elementary Leadership Academy
Public Magnet PK-6
1.0 mi
•120 Chestnut St
7
Park Magnet IB World School
Public Magnet PK-6
2.2 mi
•617 Main St
4
Main Street Visual and Preforming Arts Magnet School
Public Magnet PK-6
2.3 mi
•301 Oaklawn St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,567. The most common annual income of people living in Hot Springs, AR is less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
PGA/LPGA
Where do the neighbors shop?
Kmart
Stein Mart
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Sonic
Dominos Pizza
What do the neighbors drive?
Buick
Oldsmobile
Ford
What do the neighbors listen to?
Oldies
Adult Standards- Contemporary Inspirational
Frequently asked questions
Living in Hot Springs, AR
Transportation in Hot Springs includes a network of roads that connect residents to key areas within the city and beyond. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout also supports a degree of walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and entertainment. While specific ride-sharing services are operational, the community's transport infrastructure continues to evolve to enhance connectivity and convenience.
The community is served by a range of essential services, including public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is accessible through local clinics and a hospital equipped to provide a variety of medical services. Retail and dining establishments are plentiful, offering both local and international cuisine, and the city is proactive in adapting its services to meet the evolving needs of its residents.
Hot Springs is celebrated for its unique blend of natural beauty and historical significance. The community prides itself on its namesake hot springs and the historic Bathhouse Row, which together create a distinctive atmosphere. The city's character is further enriched by its art galleries, music festivals, and the famous Hot Springs National Park, offering residents a serene yet culturally vibrant lifestyle.
Hot Springs offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The housing market is dynamic, with a homeownership rate that reflects a healthy balance between owners and renters within the community.
About 260 Central Ave
The listing price of 260 Central Ave property is $2,750,000.
The property 260 Central Ave is a condo located in Hot Springs, Arkansas, 71901.
Active Listing: 260 Central Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 260 Central Ave are: Langston Elementary Leadership Academy (GreatSchools Rating 4/10), Park Magnet IB World School (GreatSchools Rating 7/10), Main Street Visual and Preforming Arts Magnet School (GreatSchools Rating 4/10), Lakeside Middle School (GreatSchools Rating 7/10), Fountain Lake Middle School Cobra Digital Preparatory Academy (GreatSchools Rating 6/10), Lake Hamilton Middle School (GreatSchools Rating 5/10), Hot Springs World Class High School (GreatSchools Rating 5/10), Cutter-Morning Star High School (GreatSchools Rating 4/10), Lakeside High School (GreatSchools Rating 9/10).
The property at 260 Central Ave has 80 bedrooms and 80 full and 4 half bathrooms.
The property 260 Central Ave is 48,632 SqFt (source: MLS/tax record).
The year of construction for 260 Central Ave is 1895.
This home is located at 260 Central Ave in Hot Springs, AR and zip code 71901. This 48,632 square foot home was built in 1895. Features: 80 bedrooms, 84 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $2,750,000.
Hot Springs, AR housing market in June 2025 saw over 5 listings sold above listed price, more than 17 sold at listed price and over 64 sold below. Between May and June 2025, Hot Springs, AR real estate market has seen increase in the number of listings by 7.1%. In June 2025, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $210,000.