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- LoopNet Team
110 Huntsville Rd
Eureka Springs, AR 72632
Ozarka Lodge · Hospitality Property For Sale
·
17,020 SF
INVESTMENT HIGHLIGHTS
- Seller Financing Available for Qualified Borrower: 5.99% Interest Rate, 4 Year Term, 30% Down Payment, 30 Year Amortization
- 2 Bed Living Quarters with Kitchen, Dining Room, Living Room, and Private Balcony - Ideal for Employee Housing
- Estimated Gross Income at $384,000
- 45 Rooms Total on 4 Levels: 29 Double Queens, 11 Kings, 4 Kings with Jacuzzi Tub, 1 Double Queen with Jacuzzi Tub
- Price at $94 PSF - Less than Half the Current Construction Cost
- 9.1% Cap Rate
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 1985 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 0.91 AC | Corridor | Exterior |
| Building Size | 17,020 SF | ||
| Zoning | Commercial - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 17,020 SF |
| No. Stories | 4 |
| Year Built | 1985 |
| Parking Ratio | 2.35/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Commercial |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Hot Tub
ABOUT 110 HUNTSVILLE RD , EUREKA SPRINGS, AR 72632
Seller financing available on terms of 5.99% interest rate, 4 year term, 30% down payment, and 30 year amortization for a qualified borrower. 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.
PROPERTY TAXES
| Parcel Number | 925-01913-000 | Improvements Assessment | $256,240 |
| Land Assessment | $31,710 | Total Assessment | $287,950 |
PROPERTY TAXES
