7450 Highway 187 Eureka Springs, AR 72631
Property profile & analytics
7450 Highway 187 Eureka Springs, AR 72631
- Turn key restaurants
- 2,753 SF
- 2.00 lot acres
Property ID
US05-1066908
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 7450 Highway 187
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 2.00 lot acres
- Property size
- 2,753 SF
- Property type
- Turn key restaurants
- APN
- 001-09506-000
- APU
- 109506000
Description
This exceptional Eureka Springs property offers a turnkey restaurant and beer saloon with an average daily revenue of approximately $700, operating Friday-Sunday. The 13,699 square foot complex includes seven residential rental units, providing diverse income streams. These units comprise two efficiency units, one 2-bedroom/1-bathroom, two 4-bedroom/2-bathroom, one 3-bedroom/2-bathroom, and a 4,600 square foot single-family home featuring a full basement and solar panels. The property also boasts two shops and a large RV/boat/car port, all situated on approximately 6.66 acres of land zoned for Commercial and Agricultural use. The restaurant features a recently improved kitchen, a large walk-in cooler, and an office, enjoying high visibility from Highway 187. The property is conveniently located just two minutes from White River and Beaver Lake, and nine miles west of Eureka Springs. Significant income growth potential exists through operational expansion, including extending operating hours and adding liquor sales (permit pending). The asking price is $1,295,000, with a potential minimum monthly income of approximately $18,000. Built in 1960 and 1980, the property consists of nine buildings. The property is also divisible, with potential for separate sales of the saloon and three homes (8,000 sq ft) for $600,000, or the home, cabins, and outbuildings (5,669 sq ft) for $695,000. The property's Class B designation reflects its existing condition, presenting a value-add investment opportunity with a strong 8.00% cap rate.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Eureka Springs
- County
- Carroll
- State
- Arkansas
- Longitude
- -93.8316
- Latitude
- 36.4562
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,252
$4,500
$58,950
$63,450
-
$22,500
$294,750
$317,250
