5703 CENTRAL AVENUE, Hot Springs, AR 71913

• 13,846 sqft

Property Description

First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value. Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road. Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths. We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.

Listing Status:

Active

Date Added:

May 21, 2026

Data Last Updated:

May 25, 2026 at 5:22PM

Listing Office:

Baxley-Penfield-Moudy Realtors : 501-315-5000

Listing Agent:

Greg M Calaway : 501-529-1921

MLS ID:

26020486

Interior

• Kitchen: Other (see remarks)
• Basement: None
• Flooring: Other (see remarks)

Exterior

• General: Metal/Vinyl SidingDumpster
• Style: Other (see remarks)

Construction

• Roofing: Metal
• General: One StorySlab

Location

• Road/Access: Paved
• HOA Amenities: Other (see remarks)
• County: Garland

Lot

• Zoning: COMM. INPR

Utilities

• Utilities: Sewer-PublicWater-PublicElectric-Municipal