Tim Metcalf - Hot Springs 1st Choice Logo
$250,000
( )
 $1,342 est/mo Sourced by Back At You

228 Prospect Avenue,Hot Springs, AR 71901

Hot Springs, AR 71901

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Description

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.

Details

MLS #153888
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site250
Listing Provided ByMcGraw Realtors | Susan Bariola

Features

SQ Feet7,520

Taxes

Property274

Area Information

StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
Community NameDarch & Knickerbocker Subdivision
Listing VS Median (in Darch & Knickerbocker Subdivision)
Price:
$250,000
low | high
Med:
$749,750
100% of Average
sqft:
7,520
low | high
Med:
7,522
49.973404255319% of Average
$ / sqft:
$33
low | high
Med:
$100
100% of Average
On site:
250
low | high
Med:
250
100% of Average
Sourced by Back At You

Market Activity 71901

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Additional Information

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Learn More About This Property

Tim Metcalf

Tim Metcalf

Hot Springs 1st Choice Realty

Certified Relocation Professional, CREN - Certified Real Estate Negotiator, Graduate of Ninja Real Estate Training, RENE - Real Estate Negotiation Expert (501) 860-0032realtorspacity@gmail.com
StateAR
CountyGarland
CityHot Springs
Zip Code71901
AreaGarland
Community NameDarch & Knickerbocker Subdivision
Listing VS Median (in Darch & Knickerbocker Subdivision)
Price:
$250,000
low | high
Med:
$749,750
100% of Average
sqft:
7,520
low | high
Med:
7,522
49.973404255319% of Average
$ / sqft:
$33
low | high
Med:
$100
100% of Average
On site:
250
low | high
Med:
250
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $187K - $312K
sqft: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
228 Prospect Avenue Property Photo 1
$250,000
228 Prospect Avenue
Hot Springs, AR 71901
226 PROSPECT Avenue Property Photo 1
$1,249,500
226 Prospect Avenue
Hot Springs, AR 71901
226 Prospect Avenue Property Photo 1
$1,249,500
226 Prospect Avenue
Hot Springs, AR 71901-7347
CHAPEL Street Property Photo 1
$70,000
Chapel Street
Hot Springs, AR 71901
700 CENTRAL Avenue Property Photo 1
$1,550,000
700 Central Avenue
Hot Springs, AR 71901
Listing Updated: June 24, 2026 at 8:50:44 AM PDT