360 Us-62 Salem, AR 72576
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Profitable Arkansas Motel, High Occupancy
Property size:
8,425 SFProperty Features for 360 Us-62
General Information
- Property type
- Motels
- Square Feet
- 8,425 SF
- Lot Size
- 85,378 SF
Building Details
- Year Built/Renovated
- 1997/2010
- Buildings
- 2
- Stories
- 1
Listing Agency: The Real Estate Group, Inc. Listing Agent: Jerry George
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This well-maintained, 22-key Cottonwood Inn motel in Salem, Arkansas presents a lucrative investment opportunity. Boasting a 100% occupancy rate and a strong 18.54% cap rate, this established business offers significant returns. The 8,425 square foot property, built in 1997 and renovated in 2010, sits on a 1.96-acre lot and includes two buildings. Recent improvements, totaling approximately $70,000-$80,000, encompass a new roof and updated central heating and air conditioning. Each of the 22 air-conditioned rooms features amenities such as refrigerators, flat-screen televisions, and complimentary Wi-Fi and cable. Guests enjoy a daily continental breakfast and convenient access to local restaurants and attractions. The motel's prime location directly off Highway 62 ensures high traffic volume from truckers, contractors, and tourists. Its proximity to Crown Lake and Horseshoe Bend City Hall, as well as a nearby golf course, further enhances its appeal. The property includes an on-site apartment for management and is currently operated by a professional property manager. The asking price is $825,000, with a price per key of $37,500 and a price per square foot of $97.92. The property's strong NOI of $152,992 makes this a compelling investment for owner-operators seeking a high-performing hospitality asset. The corporation ownership structure offers a streamlined transaction.
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Map
- City
- Salem
- County
- Fulton
- State
- Arkansas
- Longitude
- -91.8118374
- Latitude
- 36.3585146
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FAQs
What type of property is this?
Motel - Profitable Arkansas Motel, High Occupancy
Where is this motel located?
The property is located at 360 Us-62 Salem, AR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Established, well-maintained hotel in Arkansas with a history of high occupancy.; Strong owner-operator returns due to consistent high occupancy rates.; Excellent location directly off Highway 62, attracting travelers, contractors, and tourists.