Contacts

Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

Property Details

Property Type Other
Property Size 17,020 SF
Units 45
Lot Size 0.91 Acre
Additional Rent Contact for pricing
Year Built 1985
Date Updated Nov 13, 2024

Going East on AR-23 N/Huntsville Rd, the property will be on the left near the intersection of Huntsville Road and E Van Buren.Welcome to Ozarka Lodge, a 4 story hotel nestled in Eureka Springs and totaling 45 rooms. Among them are 29 double queen rooms, 11 king rooms, 4 king rooms w/ jacuzzi tub, and 1 double queen room w/jacuzzi tub. Guests can also enjoy relaxing in the pool, that also features convenient access underneath. This property also offers a 2bed living quarter complete with a kitchen, dining room, living room, and private balcony, great for employee housing. Priced at $94 PSF, which is less than half the current construction cost. The property is cinder block construction with a metal sloping roof featuring a concrete underlie only 7 to 8 years old. Regular double queen/king rooms rents for $69/night during the week and$79 on the weekends. During peak seasons these same rooms go for $89 on the weekends. For major events, they rent for $139/night. Rooms equipped with jacuzzis rent around $115 or $189 during events. Estimated gross at $384,000, expenses estimated at $239,000, NOI estimated at $145,000 and a 9.1% cap rate.

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Highlights

45 Rooms Total on 4 Levels
2 Bed Living Quarter on Site
Priced at $114 PSF - less than half the current construction cost
Estimated Gross Income at $384,000
8.5% Cap Rate

Attachments

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Getting around

47/100
Walk Score ®
12/100
Bike Score ®

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City Eureka Springs, AR
Zip Code 72632

Points of Interest

Quality Inn

0.09 miles
Eureka Springs Heritage Motel

0.11 miles
Brydan Suite's

0.14 miles
Traveler's Inn

0.24 miles
Super 8 by Wyndham Eureka Springs

0.56 miles
Days Inn by Wyndham Eureka Springs

0.72 miles
Eureka Matterhorn Towers

0.75 miles
Best Western Inn of the Ozarks

1.05 miles
Grand Central Hotel

1.08 miles
Basin Hotel

1.08 miles

Hart's Family Center

0.40 miles
Route 62 General Store

0.42 miles
Walmart Supercenter

8.30 miles

In-Depth Research Available for this Property

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