For Sale
$1,475,000

4245 State Hwy Calico Rock, AR 72519

Arkansas Hospitality Business for Sale

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Arkansas business opportunity encompasses a highly-rated, 4-star restaurant and 11 newly refurbished nightly rental cabins situated on 5 acres near Norfork Lake. The restaurant boasts a rebuilt kitchen, seating for 100 indoors and 40 on a picturesque patio, and a popular catering side business. The 11 cabins, featuring 18 beds, are currently undermarketed, presenting significant growth potential. Built in 1940 and renovated in 2018, the property includes 15 buildings across two stories, totaling 11,589 square feet. The property enjoys a strong NOI of $310,000, a 21.02% cap rate, and is listed at $1,475,000 ($127.28/sq ft). The business benefits from its convenient location near the dam, attracting customers drawn to the area's renowned fishing and water sports. The existing infrastructure is complete, allowing a new owner to immediately manage, promote, and expand the business. An optional adjacent 36-acre parcel presents further expansion opportunities, potentially for a luxury residence or additional cabins/RV park. This turnkey operation offers a unique blend of culinary excellence, luxurious overnight accommodations, and a strong return on investment. The property is zoned commercial and is owner-occupied.

Highlights

  • Highly-rated, 4-star restaurant with 100 indoor and 40 patio seats, plus a successful catering business.
  • Eleven newly renovated cabins offering 18 beds, currently undermarketed.
  • 11,589 square feet across 15 buildings on 5 acres near Norfork Lake, built in 1940, renovated in 2018.
  • Strong NOI of $310,000, 21.02% cap rate, listed at $1,475,000 ($127.28/sq ft).
  • Turnkey operation with existing infrastructure, immediate management and expansion potential.
  • Optional adjacent 36-acre parcel available for future expansion.

Property Details for 4245 State Hwy

Property type
Hospitality properties, Motels
Square Feet
11,589 SF
Year Built/Renovated
1940/2018
Buildings
15
Stories
2
Lot Size (sq. ft)
217,800 SF
Units
11

Location Insight

City
Calico Rock
County
Baxter
State
Arkansas
Latitude
36.236202067919
Longitude
-92.220536683502

FAQs

What type of property is this?
Hospitality property - Arkansas Hospitality Business for Sale
Where is the hospitality property located?
The property is located at 4245 State Hwy Calico Rock, AR.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Highly-rated, 4-star restaurant with 100 indoor and 40 patio seats, plus a successful catering business.; Eleven newly renovated cabins offering 18 beds, currently undermarketed.; 11,589 square feet across 15 buildings on 5 acres near Norfork Lake, built in 1940, renovated in 2018.
How can I contact the broker?
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4245 State Hwy
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