Commercial: MLS #26003458 Hot Springs, AR $ 325,000
Commercial: MLS #26003458
$ 325,000
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Commercial: MLS #26003458

Hot Springs, AR, 71901
$ 325,000
Bedrooms-- Baths-- Sq 7,520

Monthly Estimate*

$ 2,001

MLS #/Web ID: 26003458 - Image 1
MLS #/Web ID: 26003458 - Image 2
MLS #/Web ID: 26003458 - Image 3

Commercial Property for sale in Hot Springs, AR

for $325,000. This 7,520 square foot building was built in 1890 on a lot size of 0.19.

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.

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Commercial Active

Price

$ 325,000

Property Type

Commercial

Taxes

$ 274

Style

Lot Size

0.19

Year Built

1890

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

26003458

Features
General
Year Built 1890
Tenant Pays Electric
Stories Count Three Story
County Garland
Class Commercial / Industrial
Type Building and Land
Inside City Limits Yes
Status New Listing
Subdivision AR
Sale/Rent For Sale
Status Detail 1
Primary City Hot Springs
Directions Head north on Orange St toward Central Ave. Turn right onto Central Ave. Continue straight to Prospect Ave. Turn left onto Prospect Ave. 228 Prospect Ave will be on your right
City Hot Springs
DOM 7
Postal Code 71901
Price Per Sq Ft Total AG 43.22
Public Remarks 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 ico
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Exterior
Lot Size Area 0.19
Lot Dimensions 0.197 acres
Parking 0
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* Excluded Features
List By
Susan Bariola

Listing Agent

Mcgraw Realtors - Hs

Broker

sbariola@mcgrawrealtors.com

Email

Affordability Calculator

$2,024
Per Month
99%
1%
0%
Monthly Principal & Interest
$2,001
Monthly Property Taxes
$23
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
886427 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$325,000 Listed Price

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