Trophy Property for Sale in the Heart of America's First National Park. Downtown Hot Springs is experiencing a boom in redevelopment and the market is strong for both residential and hospitality uses. This property is eligible for both the 20% federal and 25% state historic rehabilitation tax credits and is located in a federally designated opportunity zone which makes this property eligible for additional incentives.

The Medical Arts Tower Horizontal Property Regime contains 18 units on 16 floors and totals approx. 48,200 square feet including the common area basement and lobby. Units 2-14, encompassing the 2nd thru 14th floor, is approximately 41,300 square feet.

*The square footage calculations are estimated based on data from the tax assessor records & partial floor plans.

Location Description:

236 Central Ave, Hot Springs, AR

Highlights:

Trophy Property

Iconic Building in National Park

Eligible for Incentives Available to Federally Designated Opportunity

Zone

Eligible for 20% Federal Historic Rehabilitation Tax Credits

Eligible for 25% State Historic Rehabilitation Tax Credits

Newly Installed Sprinkler System Riser

Strong Market for Hospitality and Residential Use

Booming Tourism Market