CenterPoint Energy Office - Hot Springs, Arkansas

Office for Sale
Catylist Listing ID: 30030311
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 8,257 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $39.36 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: CenterPoint Energy (Arkla Gas) Office
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2017

Overview / Comments

Great location in the Central Business District! Across the street from the recently renovated Hotel Hot Springs (formerly Austin Hotel) and near the Hot Springs Convention Center. The facility is near City Hall and Central Avenue and is at the Farmers Market, Transportation Depot, and Greenway. A new Regions Bank is just down the street. The building is 8,257 square feet on two levels and is on a .56 acre lot.

The building has 5,937 square feet of office space including 11 private offices, a cubicle area, reception area, waiting area, restrooms, storage rooms, break room, and a large meeting/training room. Floors are carpet or vinyl flooring. Fully air conditioned and heated. A large storage area is in the attic.

The warehouse is 2,320 square feet with two 9 foot by 16 foot overhead doors. The lot has 130 feet of frontage on Malvern Avenue with an average depth of 200 feet. There is fenced concrete parking opening to a street at the rear of the property. The property is zoned C-1.

The former Entergy Building is next door and the property could be part of an assemblage for redevelopment for the Hot Springs area.

Additional Details

Nearest MSA: Hot Springs
County: Garland
Zoning: C-1
Property Visibility: Excellent

Attachments & Media

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,033 26,135 50,300
Median Age: 38.72 39.92 42.66
Households: 3,125 11,392 21,889


Photograph of Listing Agent

Paul Draper

Walker-Alley & Associates Shreveport, LA 71166
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