228 Prospect Avenue, Hot Springs, AR 71901
sale
$325,000
|
Other
Courtesy Of McGraw Realtors
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Floors: 3
- MLSID: 26003458
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$419,000
Other
4439 N Highway 7
Hot Springs Village, AR 71909
Building: 7,200 sq. ft.
|
Land: 0.8 Acres
Courtesy Of Coldwell Banker Rector Phillips Morse - Hot Springs
sale
$418,176
Other
000 Malvern Avenue (Lot 1R2)
Hot Springs, AR 71901
Land: 0.8 Acres
Courtesy Of Coldwell Banker Rector Phillips Morse - Hot Springs
sale
$399,000
Other
1501 Airport Rd Road
Hot Springs, AR 71913
Building: 1,581 sq. ft.
|
Land: 0.23 Acres
Courtesy Of Trademark Real Estate Inc. HSV
sale
$395,000
Other
TBD AIRPORT Road
Hot Springs, AR 71913
Land: 1.26 Acres
Courtesy Of Hot Springs Realty