110 Palm St Hot Springs, AR 71901

This charming, fully renovated 1920s motel in Hot Springs, Arkansas, presents a unique investment opportunity. Boasting a 7.96% cap rate and a strong net operating income (NOI) of $27,820, this property offers significant potential for return. The 1,450 square foot building sits on a 3,521 square foot lot and features two keys, each with two beds. Completely updated in 2024, the motel retains its historic character while offering modern amenities. Its prime location, just steps from the convention center, ensures high occupancy rates and easy access to downtown Hot Springs' attractions, including parades and events. The property is zoned residential and operates as an active, licensed short-term rental, providing immediate income generation. The asking price is $337,500, translating to $232.76 per square foot and $168,750 per bed. This turnkey operation is ideal for investors seeking a profitable and conveniently located hospitality asset in a thriving Arkansas market. The property's APN is 54737, and its address is 110 Palm St, Hot Springs, AR 71901. This is a rare opportunity to acquire a well-maintained, high-performing motel in a desirable location.