Thurman's Lodge

For Sale

163 East Van Buren, Eureka Springs, AR 72632

This Eureka Springs property for sale is located at 163 East Van Buren. The current listed sale price for Thurman's Lodge is $769,000. Thurman's Lodge is situated on a lot that is 4.04 acre in size.

Contacts

broker

Stephen Mansfield

RE/MAX Real Estate Results

Property Details

  • Property Type Other
  • Units 0
  • Lot Size 4.04 Acre
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Parking Spaces Avail. 43
  • Year Built 1980
  • Date Updated Nov 14, 2024

Incredible Value Add Opportunity....Priced Right....Great Location

Lowest Asking Price per Door in many years.

Its all about Location, Location, Location. This is a well established hotel known as Thurman's Lodge. This non-flagged, independent 39 room economy hotel, actually has 3 additional rooms that are currently used as storage, according to the owner, making this potentially a 42 room hotel or potential conversion to efficiency short or medium term rentals. It is situated on 4.04 acres, with a majority of it currently undeveloped. The property featurers a large outdoor pool and plenty of parking. It is on a prime spot along Hwy 62, next to Arvest Bank and across the street from McDonalds, with a traffic count of approximately 9,000 cars per day according to ARDot.  Owner is ready to move on.

This is a turnkey hotel & business with all furnishings and equipment to remain, although a new buyer may want to upgrade. 

The furnishings have a good distribution of Kings, Queens and Doubles along with 2 King Jaccuzzi Suites. The ADR & Occupany is currently well below market with significant upside if repositioned and/or upgraded.  

Contact Listing Broker to schedule showing.  

All Offers Must Be Subject to Probate Court Approval. 

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 49/100

    Walk Score ®

  • 15/100

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Location

  • City Eureka Springs, AR
  • Zip Code 72632

Points of Interest

  • Quality Inn

    0.17 miles

  • Eureka Springs Heritage Motel

    0.20 miles

  • Traveler's Inn

    0.23 miles

  • Brydan Suite's

    0.39 miles

  • Super 8 by Wyndham Eureka Springs

    0.48 miles

  • Days Inn by Wyndham Eureka Springs

    0.50 miles

  • Eureka Matterhorn Towers

    0.54 miles

  • Grand Central Hotel

    0.83 miles

  • Basin Hotel

    0.83 miles

  • Best Western Inn of the Ozarks

    0.84 miles

  • Hart's Family Center

    0.15 miles

  • Route 62 General Store

    0.31 miles

  • Walmart Supercenter

    8.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Stephen Mansfield

RE/MAX Real Estate Results