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Eureka Grill 71 Spring St 1,990 SF 100% Leased Retail Building Eureka Springs, AR 72632 $575,000 ($288.94/SF)



EXECUTIVE SUMMARY
Owned by the same restaurateur/chef for 35 years, The Eureka Grill is an excellent opportunity for an investor with the vision to build on a business that has a history of success. The prime downtown location is steps from the New Orleans and Basin Park hotels, flanked by art galleries and specialty retail shops. The patio area is a popular spot for locals and tourists to enjoy a drink and watch the goings on in downtown. High foot traffic, great visibility and curb appeal with vacant space in the back to expand. The street level has 995 square feet with indoor dining, two half baths, a kitchen and storage. The lower level has another 995 sq. ft. with stone walls. A detached storage building sits on a covered parking space and there are two additional open parking spaces. Steel decking could be built in the back for additional outdoor seating with covered parking.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,990 SF
Building Class
C
Year Built
1900
Price
$575,000
Price Per SF
$288.94
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.05 AC
Zoning
Commercial - C-1 Commercial zoning in the most popular stretch of Spring Street in downtown Eureka Springs.
Frontage
21’ on Spring St
PROPERTY TAXES
| Parcel Number | 925-00739-000 | Improvements Assessment | $53,000 |
| Land Assessment | $8,400 | Total Assessment | $61,400 |
PROPERTY TAXES
Parcel Number
925-00739-000
Land Assessment
$8,400
Improvements Assessment
$53,000
Total Assessment
$61,400
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Eureka Grill | 71 Spring St
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