360 Highway 62 E - Hospitality FOR SALE


Salem, AR 72576
$825,000 USD
217-638-1360
360 Highway 62 E, Salem, AR for Sale
$825,000 USD
Hospitality - FOR SALE
1/25
null | 18.54% Cap Rate

360 Highway 62 E
Salem, AR 72576


HIGHLIGHTS

  • Cottonwood Inn - Salem, AR

OVERVIEW

Well run hotel in Arkansas for many years. Family owned and operated and very high occupancy. Seller Motivated, All offers will be seriously considered, around 70-80k improvements in last couple years. New roof, central heating and air plus more. is in excellent condition and has been maintained well over the years and it shows. High occupancy and strong return for an owner-operator. Located directly off Highway 62 for great traffic from truckers, contractors, and vacationers. When you stay at Cottonwood Inn in Salem, you'll be 15 minutes by car from Golf Course on Turkey Mountain. This motel is 12.9 mi (20.7 km) from Crown Lake and 13.3 mi (21.3 km) from Horseshoe Bend City Hall. There are restaurants, bars, lounge & dining options in town. A complimentary continental breakfast is served daily from 7:00 AM to 10:00 AM. Feel at home in one of the 22 air-conditioned rooms featuring refrigerators and flat-screen televisions. Complimentary wireless Internet access keeps you connected, and cable programming is available for your entertainment. Bathrooms have shower/tub combinations and complimentary toiletries. Conveniences include microwaves and coffee/tea makers, and housekeeping is provided daily. If you are thinking of bringing your pet and want to know if pets are allowed at Cottonwood Inn. Professional property host/manager with own apartment. Renovations include new roof, siding, and updated rooms. Call Jerry George to set up a tour of the property - 217-638-1360 - jgeorge@thegroup.com

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$98 USD /SF

# OF ROOMS

22

PRICE/ROOM

$37,500 {currency}

CAP RATE

18.54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cottonwood Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

C

APN/PARCEL ID

895-27618-000

ASK ABOUT THIS PROPERTY

Jerry GeorgeThe Real Estate GroupMore Info
217-638-1360

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Jerry GeorgeThe Real Estate GroupMore Info
217-638-1360

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