3064 Van Buren, Eureka Springs, AR 72632-9712
The Wagner Inn Motel, a well-maintained, owner-operated hospitality property, presents a compelling investment opportunity in the thriving tourist town of Eureka Springs, Arkansas. This 22-key motel boasts 9,904 square feet across two buildings and two stories, situated on a 1.95-acre lot. Built in 1987, the property enjoys a highly visible location on the main highway, directly at trolley stop 22, ensuring excellent guest access and high traffic visibility. Recent improvements include new flat-screen TVs in most rooms, new carpeting in half the rooms, new LED signage, fresh exterior paint, updated pylon street signs with LED lighting, new laundry washers, a new digital lock system on all room doors, and a newly sealed asphalt parking lot. The motel offers guests clean rooms, private pool access, and convenient trolley access. The property is zoned commercial and is offered at $635,000, translating to $64.12 per square foot. Partial owner financing may be available for qualified buyers with a substantial down payment. This established, profitable motel presents a turnkey operation with minimal deferred maintenance, making it ideal for both first-time and experienced owner-operators seeking a stable income stream in a popular tourist destination. The property's strong financial performance, coupled with its recent upgrades and prime location, positions it for continued success.
-
Wagner Inn Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.