Property 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. 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. Sold As-is.

Property Features