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Historic Short-Term Rental Compound
For Sale
Contact for pricing
Pending

638 Ouachita, Hot Springs, AR 71901

Historic property with 21 separately metered cottages, garages, owner/manager apartments, and an on-site renovated cafe.

Property SizeContact for details
Days on Market124

Property Features for 638 Ouachita

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Business Included Yes
Commercial Hood Yes

Building Details

Year Built 1933
Listing Agency: ESQ. Realty Group
Listed By: Jeffery Vaughn · License #AR
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 11 at 12:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ESQ. Realty Group

Investment Insights

Based on property information with market context.

Best Court is a historic short-term rental property that has been hosting vacationers to Hot Springs National Park since 1933. The current owners have completely restored the property and organized it around 21 “cottages,” each with separately metered electric, with garages between the cottages.

In addition to the cottages, the property includes two separate apartments for Owner and Manager living. Also on site is the Best Cafe, which has been renovated and includes a new commercial kitchen.

This is a multi-component compound combining guest cottages with dedicated owner/manager housing and a restaurant component operated as Best Cafe.

Key Highlights

  • Historic Best Court property has hosted vacationers to Hot Springs National Park since 1933
  • 21 separately metered electric cottages with garages between the units
  • Includes 2 separate apartments for Owner and Manager living

Property Analytics

Current Use

Best Court Hotel & Motel

Suggested Use

Top Pick Storage Facility Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Parking Lot & Garage Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

1,635
Businesses Nearby

Demographics for 71901, AR

29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Historic property with 21 separately metered cottages, garages, owner/manager apartments, and an on-site renovated cafe.
Where is this short term rental property located?
The property is located at 638 Ouachita Hot Springs, AR.
What are key features of this property?
This property features: Historic Best Court property has hosted vacationers to Hot Springs National Park since 1933; 21 separately metered electric cottages with garages between the units; Includes 2 separate apartments for Owner and Manager living
(501) 293-1913 Call to check price and availability
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