Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1985
Sq.Footage
17,020
Seller Financing Available! 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 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, $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 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.
Features & Amenities
Interior
Area & Lot
-
Lot Features
City Lot, Interior Lot
-
Lot Size(acres)
0.91
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Cement Siding, Block, Concrete, Vinyl Siding
-
Parking
Parking Lot
Financial
-
Sales Price
$1,495,000
-
Tax Amount
10503.0
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Location
County
Carroll
Elementary School
Middle School
High School
Listing Courtesy of Salmonsen Group Realtors , Keller Williams Market Pro Realty Bentonville West
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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