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    29 Main St Eureka Springs, AR 72632

    Sponsored
    For Sale
    $3,450,000

    Historic Main Street Property, High Returns

    Property size:
    5,745 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Eureka Springs, Arkansas commercial property presents a unique investment opportunity. Located at 29 S Main Street, this 5,745 square foot retail building boasts a rich history, dating back to 1900, and has undergone a complete renovation seamlessly blending historic charm with modern amenities. The ground floor currently houses the established Judge Roy Bean's Old Time Photos business, operational since 1992, complete with all equipment and the existing website included in the sale price of $3,450,000. Upstairs, three luxurious Airbnb rental units generate substantial income, featuring a separate commercial kitchen and all furnishings and supplies included in the sale. Two coveted parking spaces are also part of this offering, adding significant value in this desirable location. Furthermore, an additional lot at 1 First Street, encompassing a small historic building (the icehouse), is included. Pending city approval, this extra space offers considerable potential for expansion or redevelopment. This turnkey operation provides immediate income streams and significant upside potential in the thriving Eureka Springs market. The property's prime location in the heart of Eureka Springs, near popular attractions like Rock House Suites, ensures consistent high demand and strong rental income.

    Property Features for 29 Main St

    General Information

    Property type
    Land
    Square Feet
    5,745 SF

    HighLights

    • $3,450,000 asking price.
    • 5,745 square foot retail property and land in Eureka Springs, AR.
    • Historic building (1900) with modern updates.
    • Includes established Judge Roy Bean's photo business (equipment and website included).
    • Features three Airbnb units with a commercial kitchen (furnishings and website included).
    • Two prime parking spaces included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Judge Roy Beans ... Portrait Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.7384113
    Latitude
    36.4013484

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    FAQs

    What type of property is this?
    Land - Historic Main Street Property, High Returns
    Where is this land located?
    The property is located at 29 Main St Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: $3,450,000 asking price.; 5,745 square foot retail property and land in Eureka Springs, AR.; Historic building (1900) with modern updates.
    Request Owner's contact information
    29 Main St Eureka Springs, AR 72632
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    Eureka Springs, AR 72632
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29 Main St Eureka Springs, AR 72632
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