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Vacant Shell Motel 107-n N Rand Dr 64 Room Hotel Searcy, AR 72143 $1,350,000 ($21,094/Room)
Investment Highlights
- Motivated Sellers!
- Close Proximity to Unity Health
- High Visibility & High Traffic
- Close Proximity to Interstate 67
Executive Summary
64 Units ready to be reimagined. Located near Interstate 67, white county's biggest employer (Unity Health) and all major shopping this location is ready to be revamped. Motivated sellers are ready to move this property.
Break Down:
16 rooms had 1 king bed
44 had 2 double beds
The 4 top bays over the office were living quarters
Center bay staircase
Break Down:
16 rooms had 1 king bed
44 had 2 double beds
The 4 top bays over the office were living quarters
Center bay staircase
Property Facts
| Price | $1,350,000 | Building Size | 37,782 SF |
| Price Per Room | $21,094 | No. Rooms | 64 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1991 |
| Property Subtype | Hotel | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.21 AC | Opportunity Zone |
Yes
|
| Zoning | C-1 - Commercial | ||
| Price | $1,350,000 |
| Price Per Room | $21,094 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.21 AC |
| Building Size | 37,782 SF |
| No. Rooms | 64 |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.75/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-1 - Commercial |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $85.00 | - |
| Guest Room | 56 | $65.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 016-09947-001 | Improvements Assessment | $3,740 |
| Land Assessment | $55,930 | Total Assessment | $59,670 |
Property Taxes
Parcel Number
016-09947-001
Land Assessment
$55,930
Improvements Assessment
$3,740
Total Assessment
$59,670
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Vacant Shell Motel | 107-n N Rand Dr