Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    Lake

Area & Lot

  • Lot Features

    Level, Sloped

  • Lot Size(acres)

    1.92

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $1,200,000

  • Tax Amount

    $4,239

  • Zoning

    None

  • Sq. Footage

    2, 526

  • Price/SqFt

    $475

HOA

  • Association

    No

School District

  • Elementary School

    Lake Hamilton

  • Middle School

    Lake Hamilton

  • High School

    Lake Hamilton

Property Features

  • Stories

    1

  • New Construction

    NO

  • Sewer

    Septic Tank

  • Water Source

    Public

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Location

County

Garland

Elementary School

Lake Hamilton

Middle School

Lake Hamilton

High School

Lake Hamilton

Listing Courtesy of Clay Wilson , Trademark Real Estate, Inc.

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Agent Carrie Davenport

REALTORĀ®

Carrie Davenport

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Two occupied homes on the property. One is 3/2, 1395 SF, built in 1958 (1369 Airport Rd) Second is 2/1, 1131 SF, built in 1942 (108Lancaster) However the main value is in the land for commercial development. located just over the 70W bridge. Highly visible with approx. 338ft.+/- of HWY 70W frontage. Surrounded by 3 roads for optimal ingress/egress. Survey on file, 3 parcels total 1.92 acre MOL. Property includes 5 structures (3 homes, small shop, metal building) each with electric, city water, and septic. City sewer is available on Lancaster. 2021 ARDOT Traffic Count of 35,000 cars per day. Convenient to restaurants, shopping, and all Hot Springs has to offer. Being approx. 1 mile from the bypass, there are a plethora of business opportunities awaiting you!

1347,1349,1369 Airport

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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.
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