Lakefront Property – Hot Springs, AR

$5,999,999
Price
N/A
Noi
N/A
Cap Rate
3.99 AC
Leasable Area
N/A
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this Commercial Lakefront Property located in Hot Springs, AR on a main channel of beautiful Lake Hamilton. The property is comprised of 2 tracts of land (1.3 AC +/- and 2.69 AC +/-) with around 250′ of frontage on Central Avenue (Highway 7) and 636′ of frontage on Lake Hamilton. Nearby, the DoubleTree Inn recently completed a $30M+ purchase and renovation of the former Clarion Resort.

Lake Hamilton is one of Arkansas’s most popular recreational and residential lakes. Much of it is ringed with condominiums, resorts, motels, restaurants and private homes. Hill Wheatley Park, located on the shore, has a popular swim area with a man-made sandy beach, picnic facilities and restrooms. Water-skiing, pleasure boating and fishing are popular Hot Springs attractions on Lake Hamilton and rentals of watercraft and sport accessories are readily available.

This property is highly visible as it is strategically positioned on Central Avenue which sees 19,000 cars per day. The population within 5 miles is 51,597 and the average household income within three miles is $70,353. This area is also seeing great growth with the one mile population growth rate at 5.39%. The site is ready to build on with utilities already on the property.

INVESTMENT HIGHLIGHTS
• Two Tracts of Land | 3.99 Acres +/-
• Ready to Build | Utilities on Property
• Zoned C-2: General Business
• 19,000 Cars Per Day on Central Avenue (Highway 7)
• Five Mile Population 51,597
• Three Mile Average Household Income $70,353
• One Mile Population Growth Rate 5.39%
• 3.6 Miles to Oaklawn Casino Resort

Instate Broker of Record: Brian Gehrki | Gehrki Commercial Real Estate