This 20.32-acre property, consisting of two combined tracts, presents an exceptional opportunity for residential development in a growing, high-demand area. Zoned R5 Medium/High Residential, the possibilities are extensive — ideal for apartments, duplexes, townhomes, or single-family residences. Conditional uses also allow for charitable institutions, lodges, daycare centers, home occupations, nursing homes, bed & breakfasts, and similar uses (See Hot Springs Zoning Code at cityhs.net for details). Located directly across from Hot Springs Marina, this property offers incredible potential for boat storage or lake-related businesses, while still being just minutes from Central Avenue’s shopping, dining, and everyday conveniences. With excellent location, flexible zoning, and strong development potential, this is a rare opportunity in the heart of Hot Springs.