For Sale
$635,000

3064 Van Buren Eureka Springs, AR 72632

Profitable 22-key motel in prime location

Overview

Added:
Dec 11, 2024
Days on market:
137
The Wagner Inn Motel, a well-maintained, owner-operated hospitality property, presents a compelling investment opportunity in the thriving tourist town of Eureka Springs, Arkansas. This 22-key motel boasts 9,904 square feet across two buildings and two stories, situated on a 1.95-acre lot. Built in 1987, the property enjoys a highly visible location on the main highway, directly at trolley stop 22, ensuring excellent guest access and high traffic visibility. Recent improvements include new flat-screen TVs in most rooms, new carpeting in half the rooms, new LED signage, fresh exterior paint, updated pylon street signs with LED lighting, new laundry washers, a new digital lock system on all room doors, and a newly sealed asphalt parking lot. The motel offers guests clean rooms, private pool access, and convenient trolley access. The property is zoned commercial and is offered at $635,000, translating to $64.12 per square foot. Partial owner financing may be available for qualified buyers with a substantial down payment. This established, profitable motel presents a turnkey operation with minimal deferred maintenance, making it ideal for both first-time and experienced owner-operators seeking a stable income stream in a popular tourist destination. The property's strong financial performance, coupled with its recent upgrades and prime location, positions it for continued success.

Highlights

  • 22-key motel in Eureka Springs, AR, on a 1.95-acre lot.
  • 9,904 square feet across two buildings, two stories, built in 1987.
  • High-visibility location on main highway at trolley stop 22.
  • Recent improvements include exterior paint, LED signage, new digital door locks, asphalt parking lot, and laundry equipment.
  • Offered at $635,000 ($64.12/SF); partial owner financing may be available.

Property Details for 3064 Van Buren

Property type
Hospitality properties, Motels
Square Feet
9,904 SF
Year Built
1987
Buildings
2
Stories
2
Lot Size (sq. ft)
84,942 SF

Location Insight

City
Eureka Springs
County
Carroll
State
Arkansas
Latitude
36.3911756
Longitude
-93.7226057

FAQs

What type of property is this?
Hospitality property - Profitable 22-key motel in prime location
Where is the hospitality property located?
The property is located at 3064 Van Buren Eureka Springs, AR.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 22-key motel in Eureka Springs, AR, on a 1.95-acre lot.; 9,904 square feet across two buildings, two stories, built in 1987.; High-visibility location on main highway at trolley stop 22.
How can I contact the broker?
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3064 Van Buren
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