110 Huntsville Rd Eureka Springs, AR 72632
- Motels
- 17,946 SF
- 0.91 lot acres
Current Use by Public Records
- Ozarka Lodge Eureka Springs / Lodge / Indoor Lodging
Property Details for 110 Huntsville Rd
- Year built
- 1985
- Lot size
- 0.91 lot acres
- Property size
- 17,946 SF
- Property type
- Motels
- APN
- 925-01913-000
- APU
- 92501913000
Description
Exceptional investment opportunity in Eureka Springs, Arkansas! This four-story, 17,020 square foot Ozarka Lodge boasts 45 keys, including 29 double queen rooms, 11 king rooms, and 4 king rooms with jacuzzi tubs, plus one additional double queen room with a jacuzzi tub. The property also includes a two-bedroom living quarter with a kitchen, dining room, living room, and private balcony, ideal for employee housing. Built in 1985, the cinder block structure features a metal sloping roof with a recently updated (7-8 years old) concrete underlayment. The 0.91-acre lot provides ample space. Room rates range from $69-$79 per night during the week and weekends, increasing to $89 during peak seasons and $139 for major events. Jacuzzi rooms command higher rates, reaching $189 during events. The property offers a strong financial profile, with an estimated gross income of $384,000, expenses of $239,000, resulting in a net operating income (NOI) of $145,000 and a 9.10% capitalization rate. The asking price is $1,599,900 ($94 per square foot), significantly below current construction costs. The property's location at 110 Huntsville Rd, Eureka Springs, AR 72632, offers excellent access to the area's attractions. The property features an on-site pool with convenient under-access. APN: 925-01913-000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,665,000
- AI Estimate
- $1,274,000
Market price range: $1.43M - $4.14MMarket price range: $641k - $3.31M
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Location Insight
- Map
- Local Demand
- City
- Eureka Springs
- County
- Carroll
- State
- Arkansas
- Longitude
- -93.7356
- Latitude
- 36.3868