2017 E Van Buren, Eureka Springs, AR 72632
2017 E Van Buren, Eureka Springs, AR 72632
2017 E Van Buren, Eureka Springs, AR 72632
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$799,000
Est. payment /mo
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4,800 SqFt
Active

2017 E Van Buren Eureka Springs, AR 72632

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Odalys Schofield

Odalys Schofield

+1(479) 215-6593

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $166

MLS Listing ID 1354068

Construction Status 25 Years or older

HOA Y/N No

Year Built 1973

Lot Size 1.420 Acres

Acres 1.42

Property Sub-Type Hotel/Motel

Property Description

Rare 12-unit turnkey hospitality investment in Eureka Springs. Studios at Eureka currently offers a flexible hybrid income model with 6 short-term rental units and 6 mid-term rental units. Opportunity for new owner to turn this into a boutique hotel! Valuable grandfathered STR permit in a market where new STR permits are banned in residential zones. The property has been remodeled throughout: LVP flooring, updated furnishings, smart locks, HVAC repairs and replacements, plumbing and electrical updates, exterior paint, landscaping, and active branding across online booking platforms, and a direct booking site. This multi-unit Ozark property benefits from Eureka Springs tourism demand and nearby attractions. Property is fully operational with active STR bookings and mid-term guests in place. Value-add opportunities: hot tub, outdoor fire pit/gathering area. Don't miss this one! Financials and projections available upon request. Buyer to verify all figures, permits, income, expenses, and projections.

Location

State AR

County Carroll

Direction From Highway 62 in Eureka Springs, head toward the east side of town on E Van Buren Ave / Hwy 62 East. The property is located at 2017 E Van Buren Ave, near the hotel/motel corridor on the east side of Eureka Springs. There is a driveway located next the Heritage Motel and Trolley Stop #56. You will see a stone pillar with a \"Studios At Eureka Sign\" on it. Drive all the way to the back until you dead-end into the property.

Rooms

Basement None

Interior

Interior Features None

Heating Electric

Cooling Electric, Window Unit(s)

Flooring Laminate, Simulated Wood

Appliance Electric Water Heater

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Asphalt,Shingle

Present Use Hotel/Motel

Building

Lot Description Central Business District, City Lot, Interior Lot

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Construction Status 25 Years or older

Others

Special Listing Condition None

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Listed by eXp Realty NWA Branch

NEARBY SCHOOL & BUSINESS

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Odalys Schofield

Odalys Schofield

Agent | License ID: 97594

+1(479) 215-6593

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2017 E Van Buren