Listed price in listed location currency (USD).
$299,900

000

MLS® 157413

  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 12
Lot Size 
Approx. Age 0
MLS® Number 157413

Property Address: 1425 Greenwood Ave, Hot Springs, AR, 71913-4216

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire approximately 5 acres at the corner of Richard Street and Greenwood Avenue in Hot Springs, Arkansas. Formerly home to the Greenwood School, this property offers a unique combination of history, location, acreage, and redevelopment potential. The site presents an excellent opportunity for residential or multifamily development, making it appealing to builders, developers, investors, and those looking for a larger in-town development tract. The property's size and corner location provide flexibility for a variety of potential development concepts, subject to applicable zoning, land-use regulations, and city approvals. It is currently Zoned under the School Zoning. Topo Survey has been completed. The former Greenwood School adds a distinctive historic character and story to the property, creating an opportunity to thoughtfully transform a well-known site into a new residential community or other compatible use. Whether envisioned as a multifamily project, residential development, or another redevelopment concept, this 5-acre tract offers the scale and visibility that are increasingly difficult to find within an established Hot Springs setting. Conveniently positioned near Greenwood Avenue and Richard Street, and just a block off Albert Pike Road, the property provides an excellent opportunity for investors seeking land with redevelopment potential in Hot Springs. Bring your vision and explore the possibilities this former school property can offer. Buyer and buyer's agent to verify zoning, permitted uses, utilities, dimensions, access, and all development requirements with the appropriate city and county authorities. Property is being offered for sale as a development opportunity As-Is.
MLS® Number157413
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age0
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 30, 2026List Date
$299,900List Price
  • Commute

Commute

Starting Address
Destination Address
1425 Greenwood Ave, Hot Springs, AR

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