404 Reserve StHot Springs, AR 71901

Property Details for 404 Reserve St

Year built

1920

Property size (Sq ft)

1,600 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This charming, two-story motel in downtown Hot Springs, Arkansas, presents a unique investment opportunity. Built in 1920 and extensively renovated in 2022, the 1,600 square foot property boasts three beds and one key, currently operating as a successful short-term rental (STR). The asking price is $379,500, representing a compelling price per square foot of $237.19 and a price per bed of $126,500. The property enjoys a strong net operating income (NOI) of $39,421, translating to an attractive 9.88% capitalization rate. Situated on a 10,454 square foot lot (APN 83021), the motel benefits from its prime location just two blocks from both Bathhouse Row and the Hot Springs Civic Center. The property's permitted zoning is residential. This turnkey operation offers a rare chance to acquire a historic, income-producing asset in a thriving tourist destination. The adjacent lot at Reserve and Civic Streets is included in the sale. This is an exceptional opportunity for investors seeking a proven, high-return investment in a desirable location. The property's strong performance history and prime location make it an ideal addition to any investment portfolio.

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.5118

Longitude

-93.0506

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].