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Terry Motel 4020 Midland Blvd 37 Room Hotel Fort Smith, AR 72904 $1,025,000 ($27,703/Room)
Executive Summary
Investment opportunity suitable for continued hotel operation, redevelopment, or adaptive reuse subject to zoning and approvals. ±249 linear feet of frontage on Midland Blvd, which sees an average of 12,000 vehicles per day. Adjacent to Kay Rodgers Park and the Arkansas-Oklahoma State Fairgrounds, a major regional venue hosting fairs, shows, rodeos, and annual events. The Terry Hotel is positioned along a mixed-use commercial and industrial corridor north of Fort Smith’s core, surrounded by small businesses, service
providers, and storage/warehouse facilities.
providers, and storage/warehouse facilities.
Property Facts Under Contract
| Price | $1,025,000 | Lot Size | 1.14 AC |
| Price Per Room | $27,703 | Building Size | 30,000 SF |
| Sale Type | Investment | No. Rooms | 37 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1979 |
| Building Class | C | Corridor | Exterior |
| Zoning | C | ||
| Price | $1,025,000 |
| Price Per Room | $27,703 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 30,000 SF |
| No. Rooms | 37 |
| No. Stories | 1 |
| Year Built | 1979 |
| Corridor | Exterior |
| Zoning | C |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 37 | $50.00 | - |
1 1
Property Taxes
| Parcel Number | 12209-0013-00006-00 | Improvements Assessment | $48,001 |
| Land Assessment | $15,965 | Total Assessment | $63,966 |
Property Taxes
Parcel Number
12209-0013-00006-00
Land Assessment
$15,965
Improvements Assessment
$48,001
Total Assessment
$63,966
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Terry Motel | 4020 Midland Blvd
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