- For Sale $1,950,000
- Property Type Other
- Property Size 17,020 SF
- Units 45
- Lot Size 0.91 Acre
- Year Built 1985
- Date Updated Apr 19, 2024
Going East on AR-23 N/Huntsville Rd, the property will be on the left near the intersection of Huntsville Road and E Van Buren.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 $114.57 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 7.5%cap rate.
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Attachments
Highlights
- 45 Rooms Total on 4 Levels
- 2 Bed Living Quarter on Site
- Priced at $114 PSF - less than half the current construction cost
- Estimated Gross Income at $384,000
- 7.5% Cap Rate
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Contacts
Timothy Salmonsen
Salmonsen Group Realtors, Bentonville, AR
(479) 231-1355
Location
Getting Around
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Walk Score ®
Car-Dependent (47) -
Bike Score ®
Somewhat Bikeable (12)
Powered by Walk Score ®
- City Eureka Springs, AR
- Neighborhood Eureka Springs
- Zip Code 72632
Points of Interest
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Amigos
0.97 miles
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Local Flavor Cafe
0.97 miles
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The Spring on Main
1.00 miles
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1886 Crescent Hotel & Spa
1.49 miles
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Eureka Springs Middle School
0.31 miles
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Eureka Springs Elementary School
0.41 miles
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Clear Spring School
1.56 miles
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Berryville Elementary School
9.02 miles
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Berryville High School
9.04 miles
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Berryville Middle School
9.04 miles
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Pension Mountain School
9.90 miles
Contact Listing Broker
Timothy Salmonsen
Salmonsen Group Realtors, Bentonville, AR
(479) 231-1355