Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1882
Sq.Footage
5,386
Welcome to The Cartwright Inn! This is a prime 15-unit residential studio apartment complex and commercial space. A local award-winning Mexican restaurant occupies the commercial space, providing steady rental income. The property holds its own liquor license, generating an additional $84,000 in alcohol sales revenue in 2024. With the inclusion of alcohol sales, there is an opportunity to significantly boost overall income. All 15 units, commercial space and lounge completely renovated in 2023. All units have been outfitted with Schlage locks (controlled by app). All units are 1 bed 1 bath. There are 7 upstairs smaller units, 8 exterior first floor units, a large lounge area. Amenities include on-site laundry, parking, rooms are furnished and upstairs units have a shared kitchenette. Part of the Heber Springs Commercial Historic District, this area encompasses the early commercial heart of Heber Springs, featuring a diversity of commercial architecture from the late 19th and early 20th centuries.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
City Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Hotel/Motel
Price
-
Sales Price
$799,000
-
Zoning
Commercial
-
Sq. Footage
5, 386
-
Price/SqFt
$148
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Cleburne
Elementary School
Middle School
High School
Listing Courtesy of Roger Reithemeyer , Keller Williams Market Pro Realty Branch Office
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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