4245 State Hwy Calico Rock, AR 72519
- Hospitality properties
- 11,589 SF
- 5.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 4245 State Hwy
- Year built
- 1940
- Lot size
- 5.00 lot acres
- Property size
- 11,589 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional Arkansas business opportunity encompasses a highly-rated, 4-star restaurant and 11 newly refurbished nightly rental cabins situated on 5 acres near Norfork Lake. The restaurant boasts a rebuilt kitchen, seating for 100 indoors and 40 on a picturesque patio, and a popular catering side business. The 11 cabins, featuring 18 beds, are currently undermarketed, presenting significant growth potential. Built in 1940 and renovated in 2018, the property includes 15 buildings across two stories, totaling 11,589 square feet. The property enjoys a strong NOI of $310,000, a 21.02% cap rate, and is listed at $1,475,000 ($127.28/sq ft). The business benefits from its convenient location near the dam, attracting customers drawn to the area's renowned fishing and water sports. The existing infrastructure is complete, allowing a new owner to immediately manage, promote, and expand the business. An optional adjacent 36-acre parcel presents further expansion opportunities, potentially for a luxury residence or additional cabins/RV park. This turnkey operation offers a unique blend of culinary excellence, luxurious overnight accommodations, and a strong return on investment. The property is zoned commercial and is owner-occupied.
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
- Calico Rock
- County
- Baxter
- State
- Arkansas
- Longitude
- -92.2205
- Latitude
- 36.2362
