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Listed price in listed location currency (USD).
$325,000

000

MLS® 153888

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 7520 sqft
Garage No
HOA Fees 
Taxes $274
Days Active 0
Approx. Age 1890
Avg. Price Per Sqft $43
MLS® Number 153888

Property Address: 228 Prospect Ave, Hot Springs, AR, 71901-4033

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

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.
MLS® Number153888
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1890
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 20, 2026List Date
$325,000List Price
  • Commute

Commute

Starting Address
Destination Address
228 Prospect Ave, Hot Springs, AR

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