4245 State HwyCalico Rock, AR 72519

Property Details for 4245 State Hwy

Year built

1940

Lot size

5.00 AC

Property size (Sq ft)

11,589 SF

Property type

Hospitality properties

Property subtype

Motels

Description

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.

Location Insight

City

Calico Rock

County

Baxter

State

Arkansas

Latitude

36.2362

Longitude

-92.2205

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