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

Motels

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

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