228 Prospect Avenue

Hot Springs, AR 71901

MLS#: 26003458

$325,000

Status: Active
Listing number: 26003458
Listing provided by: McGraw Realtors - HS
Listing agent phone: None
Last update: 3 months ago
On site: 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

7,520

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.19

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $325,000

  • Tax Amount

    $274

  • Sq. Footage

    7, 520

  • Price/SqFt

    $43

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

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Location

County

Garland

Elementary School

Middle School

High School

Listing Courtesy of Susan Bariola , McGraw Realtors - HS

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Agent Erika Nava

REALTOR® | Hablo Español

Erika Nava

Call Erika today to schedule a private showing.

(479) 567-6061

erikarealtor92@gmail.com


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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.

228 Prospect Avenue

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