7450 Hwy 187 Eureka Springs, AR 72631-9134

Property Details for 7450 Hwy 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.