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    OFF-MARKET
    Commercial real estate

    141 Crk 851, Elizabeth, AR 72531

    10.01 ac lot
    Property ID
    Property summary
    AI-generated overview

    Kellers Cove Resort, nestled on over ten wooded acres overlooking the stunning Lake Norfork in Elizabeth, Arkansas, presents a remarkable turnkey opportunity. This established resort, boasting a rich history spanning over 70 years, has undergone a complete renovation, emerging as a pristine and profitable venture. The property includes four fully renovated cabins, each equipped with a complete kitchen, ensuring comfortable guest accommodations. Recreational amenities are abundant, featuring a private eight-slip boat dock providing direct access to the lake, an oversized and updated swimming pool complemented by a brand-new bathhouse, and a welcoming guest pavilion complete with an outdoor kitchen ideal for gatherings. Significant recent improvements have further enhanced the resort's appeal, including the addition of thirteen new full hook-up RV spaces catering to a growing segment of travelers, a convenient laundry facility for guest use, a modernized well house ensuring reliable water supply, a well-appointed camp store and office for efficient management, a comfortable owner's residence for on-site living, and a dedicated boat storage building. The sale includes all furniture, fixtures, and equipment (FF&E), along with all necessary supplies, ensuring a seamless transition for the new owner (excluding personal items). This exceptional property offers a unique blend of established business and significant growth potential, making it an ideal investment for discerning buyers seeking a profitable and picturesque lakeside retreat.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 10.01 ac (436,036 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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