110 Huntsville Rd - Hospitality FOR SALE


Eureka Springs, AR 72632
$1,495,000 USD
479-231-1355
110 Huntsville Rd, Eureka Springs, AR for Sale
$1,495,000 USD
Hospitality - FOR SALE
1/46
null | 9.74% Cap Rate

110 Huntsville Rd
Eureka Springs, AR 72632


HIGHLIGHTS

  • 45 rooms total on 4 levels
  • 2 bed living quarter on site
  • Price at $94 PSF - less than half the current construction cost
  • Estimated Gross Income at $384,000
  • 9.1% Cap Rate

OVERVIEW

Welcome to Ozarka Lodge, a 4 story hotel nestled in Eureka Springs and totaling 45 rooms. Among them are 29 double queen rooms, 11 king rooms, 4 king rooms w/ jacuzzi tub, and 1 double queen room w/jacuzzi tub. Guests can also enjoy relaxing in the pool, that also features convenient access underneath. This property also offers a 2bed living quarter complete with a kitchen, dining room, living room, and private balcony, great for employee housing. Priced at $94 PSF, which is less than half the current construction cost. The property is cinder block construction with a metal sloping roof featuring a concrete underlie only 7 to 8 years old. Regular double queen/king rooms rents for $69/night during the week and$79 on the weekends. During peak seasons these same rooms go for $89 on the weekends. For major events, they rent for $139/night. Rooms equipped with jacuzzis rent around$115 or $189 during events. Estimated gross at $384,000,expenses estimated at $239,000, NOI estimated at $145,000 and a 9.1% cap rate.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$165 USD /SF

# OF ROOMS

45

PRICE/ROOM

$33,222 {currency}

CAP RATE

9.74%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ozarka Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Commercial

APN/PARCEL ID

925-01913-000

ASK ABOUT THIS PROPERTY

Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.