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4500 Central Ave
Hot Springs, AR 71913

Red Lobster · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,356 SF
Building Class
B
Year Built/Renovated
1994/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.44 AC
Zoning
C-2
Frontage
279 FT on Central Ave

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

About 4500 Central Ave , Hot Springs, AR 71913

This Red Lobster is located at 4500 Central Avenue in Hot Springs, Arkansas. Hot Springs is the eleventh-largest city in Arkansas and the county seat of Garland County. The city is located in the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs for which the city is named. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. These include: Walmart, Lowe’s, Sears, JCPenney, McDonald’s Starbucks, IHOP, Wendy’s, Domino’s, KFC, Taco Bell, and many others. Hot Springs National Park, which includes portions of downtown Hot Springs, one of the most accessible national parks, with numerous hiking trails and camping areas, is located approximately six miles north of the subject property. Magic Springs and Crystal Falls, an amusement park and water park respectively, as well as one of Hot Springs main attractions, are both located within seven miles from the subject property. Additionally, Lake Hamilton, one of Arkansas’s most popular lakes, which features numerous resorts, condos and homes coupled with popular activities such as tubing, jet skiing and waterskiing, is located less than three miles from the subject property. Traffic Counts and Demographics Hot Springs has approximately 21,837 individuals residing within a three-mile radius of the property and more than 51,913 within a five-mile radius. The Red Lobster property is located on Central Avenue which intersects with Mall Street. Central Avenue has an average daily traffic count of 19,819 vehicles. Nearby Dr. Martin Luther King Jr. Expressway has a daily traffic count of approximately 52,000 vehicles. Hot Springs, Arkansas Hot Springs is the eleventh-largest city in Arkansas and the county seat of Garland County. The city is home to the oldest federal reserve in the United States, which today is preserved as Hot Springs National Park. Hot Springs contains dozens of historic hotels and motor courts, built during the Great Depression in the art deco style. Hot Springs architecture is a key part of the city’s blend of cultures; including a reputation as a tourist town and a Southern city. Also a destination for the arts, Hot Springs features the Hot Springs Music Festival, Hot Springs Documentary Film Festival, and the Valley of the Vapors Independent Music Festival annually.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 083973
  • 083974
Land Assessment
$236,140
Improvements Assessment
$255,870
Total Assessment
$492,010
  • Listing ID: 13087913

  • Date on Market: 7/6/2018

  • Last Updated:

  • Address: 4500 Central Ave, Hot Springs, AR 71913

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