For Sale
$6,750,000

10524 Markham StLittle Rock, AR 72205

138-Key Motel, High ROI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional hospitality investment presents a dual-branded Motel 6 and Studio 6 property in Little Rock, Arkansas. The 47,016 square foot facility, built in 1984, features 138 keys spread across three floors with exterior corridors. The property boasts 103 Motel 6 rooms and 35 Studio 6 rooms, offering a diverse range of accommodations. Amenities include an outdoor pool, on-site laundry facilities, and vending machines. Each room is equipped with cable television, free Wi-Fi, a microwave, and a mini-refrigerator. The property is pet-friendly. Situated on a 1.8-acre lot with C zoning, this motel enjoys a prime location off I-430, providing easy access to major transportation routes. Its proximity to the Little Rock Zoo (3.6 miles) and Bill and Hillary Clinton National Airport (11.2 miles) further enhances its appeal. The property offers a strong net operating income (NOI) of $810,794, resulting in a compelling 12.01% cap rate. The asking price is $6,750,000, translating to $143.57 per square foot and $48,913.04 per key. This represents a significant opportunity for investors seeking a high-return hospitality asset in a thriving market. The property's strong performance and convenient location make it an attractive investment prospect.

Highlights

  • Dual-branded Studio 6 & Motel 6 in Little Rock, AR.
  • 138 spacious guest rooms across three floors.
  • Exterior corridors.
  • Outdoor pool.
  • On-site laundry.
  • Vending machines.

Property Details for 10524 Markham St

Property type
Hospitality properties, Motels
Square Feet
47,016 SF
Year Built
1984
Stories
3
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7551113
Longitude
-92.3903845
10524 Markham St, Little Rock, Arkansas

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10524 Markham St
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