240 Central Avenue, Hot Springs, AR 71901

ACCESS & CONNECTIVITY

Hot Springs Intracity Transit operates three fixed bus routes and paratransit service, with all routes beginning and ending at Transportation Plaza in downtown, within a short walk of 240 Central Avenue.

The property is located along Central Avenue/Highway 7, the primary north– south arterial through downtown Hot Springs, providing direct access to neighborhoods, retail corridors, and Hot Springs National Park.

US Highway 70B and US Highway 270B feed directly into the downtown grid, offering straightforward connections east toward US 70 and the recently completed Hot Springs Bypass/Martin Luther King Expressway, which improves travel times to and from the region.

AREA AMENITIES & DEMAND DRIVERS

Downtown attractions such as the Maxwell Blade Theatre of Magic, Gangster Museum of America, Josephine Tussaud Wax Museum, Tiny Town, National Park Aquarium, and nearby Arkansas Alligator Farm provide an active entertainment environment that appeals to residents who value walkable leisure options.

Healthcare is a major nearby employer, with CHI St. Vincent Hot Springs, National Park Medical Center, and Levi Hospital all located within the Hot Springs urban area and drawing a large regional workforce of nurses, technicians, and support staff who seek proximate housing.

The broader downtown and Central Avenue corridor benefit from a steady tourism base tied to the National Park, historic architecture, festivals, and events like the World’s Shortest St. Patrick’s Day Parade and Spa-Con, supporting service sector employment and year round renter demand.

PROXIMITY TO MAJOR EMPLOYMENT HUBS

Oaklawn Racing Casino Resort, one of the region’s largest employers with more than 1,500 employees at 2705 Central Avenue, lies a short drive south along the same corridor and generates ongoing housing demand from hospitality, gaming, and racing staff.

Additional nearby employment drivers include National Park College, Mid America Science Museum, and major manufacturers and service firms such as Radius Aerospace, Berry Global, Alliance Rubber, Triumph Airborne Structures, and the CGI/Arkansas Passport Center, all within commuting distance of downtown.

UTILITIES

The Landlord is responsible for all utilities at the Property, which includes gas boiler heating, electricity and city water & sewer, which they pay directly.

OFF-STREET PARKING & AMENITIES

The Property features seventy (70) off-street parking spaces via a lot to the side of the Property.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 23,400 people live within 3 miles of the Property with an average household income of $55,371. Over 43,500 people reside within 5 miles of the Property with an average household income of $69,795.

QUALITY OF LIFE AMENITIES

The Property sits along the city’s primary commercial corridor with immediate access to well-known local restaurants such as The Ohio Club, Arkansas’ oldest operating bar and a longtime downtown dining destination, as well as additional Central Avenue eateries and cafés. National and quick-service options including McDonald's, Subway, and Wendy's are located throughout the corridor, while other local favorites such as Hunan Palace provide additional dining variety.

Retail conveniences nearby include grocery and daily-needs options like Harps Food Store, national convenience brands such as EZ Mart, and neighborhood shopping destinations including Central Avenue Marketplace.

Residents also benefit from exceptional outdoor recreation just minutes away, with trails, scenic overlooks, and historic attractions within Hot Springs National Park and the iconic Bathhouse Row located directly along Central Avenue, offering a unique blend of urban walkability and access to natural landscapes.