1325 Albert Pike Rd | Hot Springs, AR 71913
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1325 Albert Pike Rd
Hot Springs, AR 71913
Retail Property For Sale
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
$5,500,000
Price Per SF
$51
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 | Improvements Assessment | $1,092,300 | |
| Land Assessment | $128,000 | Total Assessment | $1,220,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$128,000
Improvements Assessment
$1,092,300
Total Assessment
$1,220,300
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