Block Space Solutions

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Address: 130 Illinois St, Hot Springs, AR 71901, USA
Created date: July 4, 2024
Date last updated: July 10, 2024
  • Low Price Per Sq. Ft
  • 4.14 sq. ft. per capita (1 Mile Radius)
  • 11th Most Populous City in Arkansas
  • Recent Capital Improvements
  • Highway Visibility
  • 38,114 Residents
  • Potential for Double Digit Returns
  • Childhood Hometown of President Bill Clinton
  • Adjacent to Hot Springs National Park
  • Home to Multiple Tourist Attractions

Property Description

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me." Situated in the vibrant Hot Springs Metropolitan Statistical Area with a population of 100,089 residents, Block Space Solutions Arkansas presents an enticing investment opportunity. With pricing guidance set at $499,000 and a pro-forma cap rate of 12.64%, this property offers attractive returns potential.Comprising 68 units within 8,500 square feet of enclosed space across two buildings, the property boasts a gross land square footage of 33,933 and occupies 0.78 acres of land. Although currently at 0% physical occupancy, recent capital improvements enhance its market appeal and value proposition.Strategically located at the intersection of Illinois St. and Alabama St. with visibility from Highway 70, the property benefits from high traffic count and highway exposure. Moreover, Hot Springs, known as the 11th most populous city in Arkansas, offers a diverse range of attractions including casinos, resorts, spas, theme parks, and the renowned Hot Springs National Park.With a low price per square foot and substantial square footage per capita within a 3-mile radius, Block Space Solutions Arkansas presents an opportunity for investors to capitalize on the dynamic real estate market in Hot Springs. Additionally, its proximity to various tourist destinations and historical landmarks adds to its investment appeal, making it an asset worth considering in the bustling Arkansas market.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $650,000
No. of Units: 68
Lot Size: 33,933.00 Sq ft
Opportunity Zone: No
Price per unit: $9,559
Property Website Click Here
Address: 130 Illinois St, Hot Springs, AR 71901, USA
Provided by:

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