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Listed by Seth Malott at CENTURY 21 ClearView Realty 605.545.2609 Built in 1913 as the region's first Ford dealership, this iconic sandstone block building at 713 N. River Street is a proven income producer in the heart of downtown Hot Springs ? situated right between the Smokehouse Bar and the Flat Iron Historic Inn. The 6,400 SF multi-tenant building features four separate commercial spaces with individual electric and water meters, three of which are currently occupied by long-term, loyal tenants including two established anchor businesses, a middle retail space with fresh potential, and a rear office suite leased to a handyman operation. Major improvements include a new steel roof (2021) and PEX plumbing to the basement. An unfinished second floor offers exciting upside with potential to build out a 2-bed/1-bath apartment. The property features great main street frontage, alley access with parking, and a vacant adjacent lot ? all at an asking price of $385,000 with $29,400 in annual rents and flexible terms available including owner carry.
Listed By
Agency Name: Century 21 Clearview Realty
Shown By
Agency Title: The Experience Real Estate, Inc.
Agency Phone: 605-940-5544