803 Mineral StHot Springs, AR 71901

Property Details for 803 Mineral St

Year built

1930

Property size (Sq ft)

859 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This charming 2-bedroom, 1-bathroom motel in Hot Springs, Arkansas, presents a fantastic investment opportunity. Built in 1930 and completely renovated in 2024, this 859-square-foot property boasts a strong 8.07% cap rate, generating a net operating income (NOI) of $16,099. The asking price is $189,500, translating to $220.61 per square foot and $94,750 per bedroom. Situated on a 7,289-square-foot lot (APN 37291), the motel is conveniently located at 803 Mineral St, Hot Springs, AR 71901, near hiking and biking trails and the vibrant downtown area. Currently operating as a licensed short-term rental (STR), this turnkey property is fully furnished and ready for immediate income generation. The property's residential zoning allows for potential expansion. The unfinished upstairs studio space offers a significant value-add opportunity, with the potential to add heated/cooled square footage and create an additional bedroom, increasing the property's revenue potential. This is a rare chance to acquire a profitable, established business with significant upside in a desirable location. The property's strong performance and renovation make it an attractive investment for both seasoned and new investors seeking a turnkey operation in the thriving Hot Springs market.

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.5336

Longitude

-93.0467

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