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302 N Main St
Melbourne, AR 72556
DenMill Cedar Lodge · Hospitality Property For Sale
·
5,140 SF
INVESTMENT HIGHLIGHTS
- 17 Rooms and a Large Manager's Quarters
- Mostly Ground-Level Rooms
- Located 1.2 Miles from Ozarka College
- +/- 5,140 SF Spanning Across Two Buildings
- Significant Upgrades in Lobby & Rooms
- All Furniture (except the tools and antique buffet) is included
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1979/2023 |
| Building Class | C | Parking Ratio | 3.89/1,000 SF |
| Lot Size | 0.51 AC | Corridor | Exterior |
| Building Size | 5,140 SF | ||
| Zoning | Multi Family, Motel - Multi Family, Motel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 5,140 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2023 |
| Parking Ratio | 3.89/1,000 SF |
| Corridor | Exterior |
| Zoning | Multi Family, Motel - Multi Family, Motel |
AMENITIES
- Public Access Wifi
ABOUT 302 N MAIN ST , MELBOURNE, AR 72556
Located in the heart of Downtown Melbourne, AR, DenMill Cedar Lodge presents a unique investment opportunity with 17 rooms and a spacious manager's quarters. The property currently features 4 rooms rented out long-term (2 as rentals and 2 to businesses), 11 rooms available for nightly rentals ($70/night for single bed or $80/night for double bed room), and 2 rooms currently unavailable - one serving as storage and the other cleared out for an unfinished coffee shop. Spanning +/- 5,140 SF across two buildings, the lodge offers mostly ground-level rooms with convenient parking right outside the entrances, ensuring ease of access for guests. With affordable housing scarce in Melbourne, the best use of the property may be long-term rentals. The current owners have invested in significant upgrades to both the lobby and rooms, including a complete update to the manager's quarters that now features a kitchen, a large bedroom big enough for 2 queen beds, and 2 full bathrooms. The lobby was also recently built out, having used to be a small 7'x9' room with a counter, now offering a more welcoming entrance to the hotel. Additionally, DenMill Cedar Lodge is located +/- 1.2 miles from Ozarka College, a technical college with an enrollment of +/- 1,000 students each semester, making it a prime choice for both visitors and residents seeking nearby accommodations. Tools and antique buffet in the lobby are not included in the sale.
PROPERTY TAXES
| Parcel Number | 485-00118-000 | Improvements Assessment | $36,000 |
| Land Assessment | $4,880 | Total Assessment | $40,880 |
PROPERTY TAXES
