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Basecamp Venue, Restaurant, and Cabin 150 Passion Play Rd 4,000 SF Retail Building Eureka Springs, AR 72632 $1,650,000 ($412.50/SF) 6.06% Cap Rate
Investment Highlights
- 15± acres with commercial zoning and frontage near key tourism corridors.
- Fully equipped commercial kitchen with espresso bar and flexible event/banquet layout.
- Additional Utilities in place for nightly rental expansion
- 4,300 ± SF commercial building configured as a restaurant, event venue, and gathering space
- Large parking area and utilities in place, supporting current operations.
- Newly built luxury 2-bed, 2-bath cabin included — generating rental income or offering owner-use potential
Executive Summary
Turnkey Hospitality + Event Venue Compound with Expansion Potential in Eureka Springs, Arkansas
Offered at $1,650,000, this turnkey hospitality compound presents a rare opportunity in one of the region’s most desirable tourism corridors. Located just minutes from downtown Eureka Springs — a well-established destination with year-round visitation driven by weddings, outdoor recreation, and historic attractions — the property includes multiple revenue streams and significant expansion upside.
Property Highlights:
• 15± acres with commercial zoning and frontage near key tourism corridors.
• 4,300 ± SF commercial building configured as a restaurant, event venue, and gathering space.
• Fully equipped commercial kitchen with espresso bar and flexible event/banquet layout.
• Large parking area and utilities in place, supporting current operations.
• Newly built luxury 2-bed, 2-bath cabin included — generating rental income or offering owner-use potential.
• Infrastructure and site access ready for additional cabin construction or light development on the balance of the acreage.
Business & Income Overview:
This property operates with established cash flow through weddings, private events, restaurant and food service, and short-term lodging. The current NOI reflects approximately $70,000 under the existing structure. A new owner has clear avenues to scale revenue through pricing optimization, additional cabins, expanded marketing, and enhanced F&B offerings.
Investment Attributes:
• Immediate operational cash flow from diversified revenue streams.
• Expansion potential with utilities and access already in place across undeveloped acreage.
• Strong tourism fundamentals in Eureka Springs, a unique destination market with a loyal visitor base.
• Ideal for hospitality investors, owner-operators, and boutique lodging groups.
Value Proposition:
This offering combines a functioning business with real estate and infrastructure in place — eliminating typical development hurdles associated with rural land. With a credible NOI and strong narrative for upside growth, this property appeals to both investment-driven buyers and lifestyle operators. Financials available upon signed NDA.
Offered at $1,650,000, this turnkey hospitality compound presents a rare opportunity in one of the region’s most desirable tourism corridors. Located just minutes from downtown Eureka Springs — a well-established destination with year-round visitation driven by weddings, outdoor recreation, and historic attractions — the property includes multiple revenue streams and significant expansion upside.
Property Highlights:
• 15± acres with commercial zoning and frontage near key tourism corridors.
• 4,300 ± SF commercial building configured as a restaurant, event venue, and gathering space.
• Fully equipped commercial kitchen with espresso bar and flexible event/banquet layout.
• Large parking area and utilities in place, supporting current operations.
• Newly built luxury 2-bed, 2-bath cabin included — generating rental income or offering owner-use potential.
• Infrastructure and site access ready for additional cabin construction or light development on the balance of the acreage.
Business & Income Overview:
This property operates with established cash flow through weddings, private events, restaurant and food service, and short-term lodging. The current NOI reflects approximately $70,000 under the existing structure. A new owner has clear avenues to scale revenue through pricing optimization, additional cabins, expanded marketing, and enhanced F&B offerings.
Investment Attributes:
• Immediate operational cash flow from diversified revenue streams.
• Expansion potential with utilities and access already in place across undeveloped acreage.
• Strong tourism fundamentals in Eureka Springs, a unique destination market with a loyal visitor base.
• Ideal for hospitality investors, owner-operators, and boutique lodging groups.
Value Proposition:
This offering combines a functioning business with real estate and infrastructure in place — eliminating typical development hurdles associated with rural land. With a credible NOI and strong narrative for upside growth, this property appeals to both investment-driven buyers and lifestyle operators. Financials available upon signed NDA.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
2016/2024
Price
$1,650,000
Price Per SF
$412.50
Cap Rate
6.06%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
14.00 AC
Zoning
Commercial - It is located inside city limits with commercial zoning
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
220’ on Passion Play Road
Amenities
- Bus Line
- Conferencing Facility
- Air Conditioning
Property Taxes
| Parcel Number | 925-02038-092 | Improvements Assessment | $151,530 |
| Land Assessment | $8,100 | Total Assessment | $159,630 |
Property Taxes
Parcel Number
925-02038-092
Land Assessment
$8,100
Improvements Assessment
$151,530
Total Assessment
$159,630
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Basecamp Venue, Restaurant, and Cabin | 150 Passion Play Rd
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