PRIME REAL ESTATE!!! Don't miss out on this once in a lifetime opportunity to own this exceptional 15-acre parcel w/ a birds eye view of Hot Springs & sitting proudly just off off Central Ave also known as Grand Oaks. Just 3 mins to Oaklawn and a host of other city amenities. 3.83 acres Planning Development approved for 12 duplexes (24 units) to be built in a Senior or Multifamily Community, streamlining the process & reducing potential delays, offering an array of possibilities. Situated in a rapidly growing area- pharmacies, hospital, shopping center and quick access to Walmart all within eyesight, this property is primed for subdivision located in the most convenient spot of town, making it an ideal investment for developers and investors looking to capitalize on the booming real estate market. The park like setting couldn't be any more perfect. Gorgeous level usable land with custom lights, pond, gazebo & sidewalk that wraps around it! List agent is happy to share the renderings for this approval. Or be creative and use this land to make your own building dreams come true. Seller IS SUPER MOTIVATED!
Single-familyProperty Type
Listed by Bobbie Schroeder• Signature Homes Real Estate
The RN-2 Residential Neighborhood 2 District is intended to accommodate single-family areas of the city that are characterized by moderately sized lots of 7,000 square feet or more in lot area. The RN-2 District also accommodates select, compatible nonresidential uses.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Infrastructure
Bed & breakfast
Educational/school
Fire house
Police station
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 111° expected this year, 20 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Hot Springs National Park, AR • 71913
Average low and high temperatures (°F)
50
31
60
39
73
50
78
58
80
62
89
73
95
75
92
70
87
66
80
56
68
48
56
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.7 hours in
June and 5.1 hours in December, placing it above the
U.S. average for solar exposure.
10.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 000 Files Rd
$1,966,633
$133K under list price of $2.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $193K to $950K.