741 PARK Avenue, Hot Springs, AR 71901
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741 PARK Avenue, Hot Springs, AR 71901
741 PARK Avenue, Hot Springs, AR 71901
741 PARK Avenue, Hot Springs, AR 71901
741 PARK Avenue, Hot Springs, AR 71901
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Southern Homes Realty

Southern Homes Realty

Southern Homes Realty

+1(870) 942-5560
$ 1,725,000
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Price Dropped by $25K

741 PARK Avenue Hot Springs, AR 71901

8,974 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business, Bldg and Land

Listing Status Active

Purchase Type For Sale

Square Footage 8,974 sqft

Price per Sqft $192

Subdivision Hot Springs Reservation

MLS Listing ID 152314

Year Built 1920

Annual Tax Amount $5,818

Tax Year 2024

Lot Size 0.660 Acres

Property Sub-Type Business, Bldg and Land

Property Description

The Gold-Inn has been a cherished part of Hot Springs, Arkansas, since 1920. Located in Park Avenue's historic district, the charming motor lodge is a living tribute to the golden age of American travel. Gold-Inn is a 19-room boutique motor lodge centered around a charming 1905 manor. This classic setup reflects the character of Park Avenue, a historic neighborhood known for its grand old homes and vintage motor courts. Gold Inn sees consistent and strong occupancy levels year-round. This is a turn-key opportunity for any investor looking for a stable and growing income stream. Everything is in place for you to hit the ground running. Additional units can be added for more rental income. Financials available upon request.

Location

State AR

County Garland

Area Hot Springs

Zoning C-TR C-Trans District

Interior

Interior Features Janitor Services, Equipment (See Remarks), Inventory (See Remarks), Window Treatments

Heating Window Units, Other (See Remarks)

Flooring Tile, Vinyl

Exterior

Exterior Feature Stucco, Siding

Parking Features 50+ Spaces

Utilities Available Electric, Gas-Natural, Sewer-Public, Water-Public, Cable / TV / Satellite, Internet, Janitorial, Trash

Roof Type Architectural Shingle

Building

Foundation Slab, Slab/Crawl Combination

Level or Stories One Story, Two Story

Listed by White Stone Real Estate

NEARBY SCHOOLS & PROPERTIES

Southern Homes Realty

Southern Homes Realty

+1(870) 942-5560

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741 PARK Avenue