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$250,000
26003458 MLS
Steeped in history and timeless character, 228 Prospect Avenue, famously known as the Knickerbocker Building, dates back to the 1920s and stands as a remarkable piece of architectural heritage. This iconic property offers a rare opportunity to own a historically significant building with limitless potential in a highly desirable location. Zoned commercial, the property provides exceptional flexibility for a variety of uses, including the ability for new owners to pursue short-term rental licenses and permits, subject to city approval. Whether envisioned as a boutique STR, mixed-use development, or creative commercial venture, the Knickerbocker Building presents a compelling canvas for restoration, reinvention, or expansion. With its rich past, enduring presence, and favorable zoning, 228 Prospect Avenue is an outstanding opportunity for investors or visionaries seeking to blend history with future-forward possibilities in a growing market. Sellers have 60K worth of plans for this property that will convey with the sale.

228 Prospect, Hot Springs

Listing courtesy of McGraw Realtors - HS.

$1,249,500
26003455 MLS
Introducing Maison 226, formerly known as the historic Darch Hotel, and now reimagined as a refined, fully operational short-term rental property located at 226 Prospect Avenue. This distinctive commercial building blends historic charm with modern luxury and features five beautifully appointed suites, all thoughtfully curated under an elegant New Orleans–inspired theme that delivers a memorable, upscale guest experience. The first and second floors each offer two private 1-bedroom, 1-bath suites, complete with full kitchens and private balconies, ideal for extended stays or luxury weekend retreats. Crowning the property is an impressive top-floor suite featuring three bedrooms and two baths, a spa-sized bathroom, an expansive private balcony, and generous living space that comfortably accommodates up to eight guests. The entire building is offered fully furnished, including custom furnishings and original artwork, allowing for a seamless, turnkey transition. A full basement, included in the square footage, provides dedicated owner storage, laundry facilities, and secure closet space, enhancing operational efficiency. Currently licensed and permitted for short-term rentals.

226 Prospect, Hot Springs

Listing courtesy of McGraw Realtors - HS.

$800,000
26002180 MLS
Prime Commercial Development Opportunity – US Hwy 70 Frontage Exceptional opportunity to acquire two contiguous commercial tracts totaling 3.72 ± acres (each tract 1.86 ± acres) with approximately 400 feet of high-visibility frontage on US Hwy 70, conveniently located near the Garland / Saline County line. These properties are part of a new commercial development and are ideally positioned for strong traffic exposure and long-term growth. The planned development will feature water and electric utilities, minimizing upfront infrastructure costs and accelerating the build timeline. With its strategic highway location, flexible tract configuration, and ready-to-build status, this property is well suited for self-storage, commercial, or investment use in a growing corridor.

Lots 5&6 Hwy 70, Lonsdale

Listing courtesy of ESQ. Realty Group - Hot Springs.

$274,000
26001312 MLS
Located just minutes from downtown Hot Springs, this exceptional commercial property offers 1,219 square feet of versatile space sitting on three city lots. Situated in a high-traffic area, the property is ideal for a wide range of businesses, from retail to office spaces or service-oriented ventures. With plenty of room for expansion or customization, it provides the perfect foundation for your business to thrive in this bustling, historic area. Recently updated inside and out. Fully fenced with parking inside of fence. Additional parking across street. This location offers easy access to Hot Springs' vibrant shopping, dining, and entertainment scene, making it a great spot for businesses looking to tap into the area's growing tourism and local traffic. Whether you’re looking to create a retail hub, office space, or a specialty shop, this property provides a fantastic opportunity to be part of Hot Springs' rich history and future growth. Key Features: 1,219 sq ft of commercial space Spanning three city lots for maximum flexibility Prime location near downtown Hot Springs Ideal for retail, office, or mixed-use development Close to local shops, restaurants, and attractions

901 Spring, Hot Springs

Listing courtesy of Southern Homes Realty - Hot Springs.

$699,500
26000468 MLS
Investors Take note!! If you have been looking for the perfect location to put in a business-Check out this PRIME location! 3+ Acres one block off Central Ave (7 S) And Higdon Ferry road. With all the growth and development taking place right now, this is a highly desired easily accessible property. The possibilities for this property are almost limitless. Zoned C4 Neighborhood Commercial it is located only mins to Oaklawn Race Track & Casino. Along with the 3+ acres are a 2000 sq ft office building, a 40X50 building (which is being used as storage. See the sketch in the photos. Built in 2011 at a cost of $50,000. Close to Lake Hamilton, to all amenities, banks, grocery,fine and fast food dining. Minutes to hop on the bypass and be headed to Hot Springs Village, Little Rock, Texarkana, etc. Hot Springs is no longer a hidden secret, the word it out. Lovely town to vacation, with beautiful lakes, downtown area with shopping. Bath House Row, Promenade. Mid America Park Museum, Garven Woodland Gardens.

153 Franklin, Hot Springs

Listing courtesy of Hot Springs Realty.

$595,000
25044983 MLS
Prime commercial opportunity at the West Gate of Hot Springs Village! This highly visible property is perfectly positioned at one of the community’s most traveled entrances—where the original Cooper Sales Offices were located. Featuring level building sites with utilities to the property, this location is ready for immediate development. A paved road and existing parking area are already in place, offering excellent accessibility and convenience for clients, guests, or future tenants. With its commanding exposure to daily traffic entering and exiting the Village, this parcel is ideal for professional offices, retail, medical, hospitality, or mixed-use development. Surrounded by established businesses, golf, and residential neighborhoods, it provides the perfect setting for your next commercial venture. Premier location, easy access, and endless potential—this is the gateway to success in Hot Springs Village!

111 Desoto, Hot Springs Village

Listing courtesy of Taylor Realty Group HSV.

$400,000
25044765 MLS
Exceptional Commercial Opportunity n a High-Traffic Location within walking distance of Oaklawn Gaming and Casino. Position your business for success with this rare opportunity featuring move-in-ready commercial building in a central location with outstanding visibility and a high daily traffic count. A potential turn-key opportunity. 209 Golf Links is perfectly configured for auto service or mechanical operations, featuring three bays with lifts, an overhead door, and a thoughtfully updated interior. Additional features include a kitchen area, office space, and a bathroom with shower, combining functionality and comfort for both staff and clients. Together, these properties deliver prime exposure, modern upgrades, and immediate usability—a rare combination in today’s market. Don’t miss this opportunity to secure a high-quality commercial building in a thriving, high-visibility location!

209 Golf Links Rd, Hot Springs

Listing courtesy of Rix Realty Advantage Team Realtors.

$300,000
25044762 MLS
Exceptional Commercial Opportunity in a High-Traffic Location centrally located and within walking distance of Oaklawn Gaming and Casino. Position your business for success with this rare opportunity featuring a move-in-ready commercial building in a fantastic location with outstanding visibility and a high daily traffic count. 207 Golf Links offers a bright, updated space ideal for a daycare, medical office, service business, or car dealership. With flexible layout options and move-in readiness, this property provides a professional setting adaptable to a wide variety of uses. Delivering prime exposure, modern upgrades, and immediate usability—a rare combination in today’s market. Don’t miss this opportunity to secure a high-quality commercial building in a thriving, high-visibility location! Can also be purchased as package with 209 Golf Links and is listed as such separately.

207 Golf Links Rd, Hot Springs

Listing courtesy of Rix Realty Advantage Team Realtors.

$700,000
25044761 MLS
Exceptional Commercial Opportunity – Two Updated Buildings in a High-Traffic Location! Position your business for success with this rare opportunity featuring two modern, move-in-ready commercial buildings in a central location with outstanding visibility and a high daily traffic count. 207 Golf Links offers a bright, updated space ideal for a daycare, medical office, service business, or car dealership. With flexible layout options and move-in readiness, this property provides a professional setting adaptable to a wide variety of uses. 209 Golf Links is perfectly configured for auto service or mechanical operations, featuring three bays with lifts, an overhead door, and a thoughtfully updated interior. Additional features include a kitchen area, office space, and a bathroom with shower, combining functionality and comfort for both staff and clients. Together, these properties deliver prime exposure, modern upgrades, and immediate usability—a rare combination in today’s market. Don’t miss this opportunity to secure two high-quality commercial buildings in a thriving, high-visibility location!

207 and 209 Golf Links Rd, Hot Springs

Listing courtesy of Rix Realty Advantage Team Realtors.

$2,150,000
25029183 MLS
Heart of city & entry block to Downtown area with 22,000sqf of space. Concrete & Steel construction, Not in flood zone. Building could be used in many different ways with CBD/C1 zoning. 11' ceilings. Retail, museum, restaurant, office and more. Residence top floor, vacation rental or see the plans for 9 rental loft apartments. Newer roof(60mil TPO) with decking insulation, fiber optic wifi, Newer HVAC, commercial kitchen with grease trap, electrical & plumbing upgrades, emergency exit signage & lighting, new garage door opener, plumbed bars, paint and more. Garage can park 11 vehicles easily. 2nd story kitchen area has 10' commercial vent hood & plumbing updates. 2nd floor has indoor ramp from street level as well as stairs for access. Building is on city parade route. The roof has some of the best downtown & mountain views-would host a great rooftop deck & still have room for solar panels.Upstairs & Downstairs are metered separately.Ample parking surrounds. Located just 2 blocks South of historic district boundary regulation & parking struggle but high foot traffic & vehicle count with several new adjacent businesses.Could be purchased with neighboring building which is 9000sqf.

1010 Central, Hot Springs

Listing courtesy of Rix Realty Advantage Team Realtors.

$1,100,000
25015739 MLS
Updated venue in the historic downtown theatre, gallery & bathhouse district.Would make a great museum, condo development or church. Updates include newer HVAC with dust free active technology, electrical updates with grounded stage, plumbing updates, lowflow toilets, water heater, new led Chauvet lighting, new JBL Pro Audio, all digital iLive, stage improvements, seating upgrades, fully stocked bars, permits, camera system, POS system, refrigeration, Fire sprinkler system & burglar alarm, full online presence w/webpage, social media & ticketing solution.Balcony not in use but is stubbed out with plumbing and electrical for upstairs concession. There is an additional bathroom on the balcony. Seating on the balcony has incredible unobstructed stage views. Can be purchased/assembled with connected 1010 Central Avenue adding 22,000sqf +/- and 1014 Central a parking lot. All zoned C1 allowing most flexible use for redevelopment opportunity. Not in flood plain. Street access both front and back of all buildings. Great vehicle and foot traffic just two blocks South of the downtown traffic bottleneck, parking issues and historic district boundary for a great convenience value add!

1008 Central Unit Yes, Hot Springs

Listing courtesy of Rix Realty Advantage Team Realtors.

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