10520 Markham StLittle Rock, AR 72205

Property Details for 10520 Markham St

Year built

2006

Lot size

1.43 AC

Property size (Sq ft)

46,904 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

44L-046-01-001-00

APU

44L0460100100

Description

This exceptional 80-room hotel property at 10520 W Markham St, Little Rock, Arkansas, presents a lucrative investment opportunity. Boasting 46,904 square feet across four stories, this 2006-built establishment is zoned O2 and sits on a 1.43-acre lot. The asking price is $8,200,000, translating to $174.83 per square foot. The hotel features a comprehensive suite of amenities designed to maximize guest satisfaction and revenue generation, including a business center, fitness center, on-site retail space, and a dedicated meeting and event space. Its strategic location offers unparalleled access to high traffic areas, with proximity to Interstate 430 (96,000 vehicles per day) and W Markham St (27,000 vehicles per day), ensuring high visibility and accessibility. Detailed financial information is available upon request, providing potential investors with a comprehensive understanding of the property's performance and earning potential. This property represents a rare chance to acquire a well-established, high-performing hotel in a thriving Arkansas market. The property's zip code is 72205, located in Pulaski County. This is a turnkey operation ready for immediate ownership and potential expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $8,468,162

  6.5%

  $7,816,765

  7%

  $7,258,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,884,352

  Geo Method

  $7,884,352

• Alternative Use

  Use

  Valuation

  Residential

  $8,533,636

  Hospitality

  $7,816,765

  Educational

  $6,503,456

  Medical

  $6,727,120

  Retail

  $10,116,488

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7544

Longitude

-92.3906

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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