Cabot is located 20 miles northeast of Little Rock in Lonoke County. Like many towns in Arkansas, the centrally located community of Cabot owes its existence to the railroad. It was founded in 1873 as a water and fuel stop for the Cairo & Fulton Railroad.

In 1891 the St. Louis Iron Mountain purchased the route and local historians believe Cabot was named for a railroad engineer. In addition to the railroad, Cabot was also along the Butterfield Overland Stage route from Memphis to Fort Smith, and the legendary Southwest Trail.

The town is home to a historic cemetery that, according to local Civil War buffs, is one of a small number of all-Confederate cemeteries in the state. While camped near Old Austin in 1862, a large group of Texas and Arkansas Confederate soldiers were overcome by an epidemic of typhoid and black measles, causing the deaths of around 1,500 soldiers. In 1907, the remains were moved to Camp Nelson Confederate Cemetery which is now listed on the National Register of Historic Places.

Cabot is home to festivals including a springtime festival that celebrates one of the area's favorite crops – strawberries.