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29 Main St 31 Eureka Springs, AR 72632-3604

OFF-MARKET Retail space Google Maps
4,204 SF Built 1900
Entity Owned Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US05-1471373

Property summary

AI-generated overview

This exceptional Eureka Springs, Arkansas commercial property presents a unique investment opportunity. Located at 29 S Main Street, this 5,745 square foot retail building boasts a rich history, dating back to 1900, and has undergone a complete renovation seamlessly blending historic charm with modern amenities. The ground floor currently houses the established Judge Roy Bean's Old Time Photos business, operational since 1992, complete with all equipment and the existing website included in the sale price of $3,450,000. Upstairs, three luxurious Airbnb rental units generate substantial income, featuring a separate commercial kitchen and all furnishings and supplies included in the sale. Two coveted parking spaces are also part of this offering, adding significant value in this desirable location. Furthermore, an additional lot at 1 First Street, encompassing a small historic building (the icehouse), is included. Pending city approval, this extra space offers considerable potential for expansion or redevelopment. This turnkey operation provides immediate income streams and significant upside potential in the thriving Eureka Springs market. The property's prime location in the heart of Eureka Springs, near popular attractions like Rock House Suites, ensures consistent high demand and strong rental income.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 4,204 SF
APN 925-01199-000
UPID US05-1471373

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Photography Service (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$558k
Blend (final) Blend
$275k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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