141 Crk 851, Elizabeth, AR 72531
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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