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$299,900

1425 Greenwood, Hot Springs AR, 71913

Property typeResidential

Overview

Active

Listed Sep 30, 2026

Updated 2 days ago

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.

$1,995/mo

Est. mortgage payment based on a $299,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Courtesy of United Country Real Estate Land and Lakes Group, Will Lindsay III

Listing Contact: 501-574-2592 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of the Cooperative Arkansas REALTORS Multiple Listing Services. Real estate listings, held by brokerage firms other than Jeff Kennedy, are marked with the Broker ReciprocitySM logo, and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated 10/8/2026, 4:46 AM UTC.

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