4781 Ar 7 Jasper, AR 72641
- Commercial real estate
- 1,440 SF
- 6.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4781 Ar 7
- Year built
- 1981
- Lot size
- 6.89 lot acres
- Property size
- 1,440 SF
- Property type
- Commercial real estate
Description
This unique investment property in Jasper, Arkansas, boasts a prime location at the highest point on Highway 7, just minutes from the Arkansas Grand Canyon. The 6.89-acre parcel includes a ten-room motel with a newly installed roof and a separate laundry room. Also situated on the property is a comfortable two-bedroom, two-bathroom home featuring a two-car garage and updated PEX plumbing. Adding to the property's versatility is a cozy one-bedroom cottage. The historic Mockingbird Cafe is a significant component, having undergone substantial renovations. These improvements encompass a new roof, windows, HVAC system, PEX plumbing, updated electrical wiring, and reinforced attic and foundation. The property's history reflects decades of ownership by the original builders, presenting a rare chance for a new owner to revitalize and capitalize on this established business and residential complex. The high elevation location offers stunning views and easy access to a major highway, making it an attractive destination. This multifaceted property presents a compelling investment opportunity with significant potential for growth and return. The existing structures provide a solid foundation for immediate income generation and future expansion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Newton
- State
- Arkansas
- Longitude
- -93.1531
- Latitude
- 35.9635
