3500 Central Ave, Hot Springs, AR 71913

2 acres
Sold: $500,000
Sold on 02/27/14
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Amazing Opportunity! This is your chance to own a prime piece of commercial real estate property, including a 6000 sf building & 2 acres of land along the highly traveled Central Avenue right smack in the middle of town. It is currently used as a recreational park with an outdoor go-kart track and miniature golf. Inside you will find approximately 3000 sf of more fun with bumper cars, arcades, a concession stand & snack area. There is also a 760 sf garage area with automatic garage doors, offering an on-site mechanic's area. There's an additional upper level with another 760 sf of office/living space with an open room, full bath, large closet, & walk-out balcony ... a great place for someone to live on-site, while operating the business. Owner has been making a good income while operating it only as a hobby with part-time hours and no advertising (other than the street sign). It has been a great place for some family fun as well as a fun experience for this business owner. However, owner is ready to slow down a bit & enjoy some retirement fun. If you are interested in purchasing the property for the same use, owner is willing to help with transition, while passing along his experienced equipment mechanics, & will also sell all of the recreational equipment for a fair additional price. Along with the fun park, there's an additional opportunity to earn income with the separate office space available for lease. It includes 1400 sf of open space with a large storage room, & restroom. It has one entry with iron bars on the glass door for added security. The property has approximately 45 parking spots, along with a fenced grassy area in the back - which could also be converted to additional parking if needed. Or if you have other interests, the property is priced right with the REAL value in the land with its location, C-4 zoning, ground-work & concrete in place. The iron fencing on the property could also bring additional cash with salvage value.  MoreLess
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Facts
  • Last sold: Feb 2014 for $500,000
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    • Zillow Home ID: 2115627143
    Home Values
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    $729/mo
    +$4 Last 30 daysd
    $262
    $1.5K
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    Neighborhood for 3500 Central Avenue

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    Zillow predicts Arkansas home values will increase 4.2% next year.

    Foreclosures will be a factor impacting home values in the next several years. In the 71913 market, the number of foreclosures waiting to be sold dropped 2.3% in the last year. The number of unsold foreclosures is 33.3% higher than in Hot Springs, and 94% less than the national average. This higher local number may prevent 71913 home values from rising as quickly as other regions in Hot Springs.

    Learn more about forecast calculations.
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      Contact a local agent

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      About these agents
      These listing agents specialize in this area and can get you a market value for this home and answer your questions.

      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292
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      Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

      Learn how to appear as the agent above

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      Want to learn how to appear as the agent above? Contact us here or call us at (855) 840-3292

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