2407 N Arkansas Ave | Russellville, AR 72802
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2407 N Arkansas Ave
Russellville, AR 72802
Clarion Inn & Suites Russellville I-40 · Hospitality Property For Sale
·
79,548 SF
INVESTMENT HIGHLIGHTS
- Winner of Gold Award by Choice 2023, Ranked #11 out of 104 Clarions in the USA
- Located in Opportunity Zone providing substantial tax incentives
- Prime location on the busiest exit I-40 & Hwy 7 which leads to Arkansas Hot Springs and Ozark Mountains
- Property has an additional 70 offline keys (140 total keys on parcel) that can be renovated/converted, with potential to create substantial revenue
- 1 of 2 hotels in market to have a liquor license in a dry county – Major Plus!
- Russellville awarded Arkansas’s final casino license - $300M Legends Casino being developed 1 mile away, having a $5B impact on economy
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 79,548 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1964/2017 |
| Lot Size | 3.05 AC | Parking Ratio | 2.36/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Zoning | Commercial - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.05 AC |
| Construction Status | Converted |
| Building Size | 79,548 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2017 |
| Parking Ratio | 2.36/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 868-00002-000C | Improvements Assessment | $181,824 |
| Land Assessment | $120,661 | Total Assessment | $302,485 |
PROPERTY TAXES
Parcel Number
868-00002-000C
Land Assessment
$120,661
Improvements Assessment
$181,824
Total Assessment
$302,485
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