60 Hillside AveEureka Springs, AR 72632

Property Details for 60 Hillside Ave

Year built

1992

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

3,558 SF

Property type

Bed & breakfasts

APN

925-00266-001

APU

92500266001

Description

This exceptional 3,558 square foot commercial lot, located at 60 Hillside Avenue in Eureka Springs, Arkansas, presents a unique investment opportunity. Situated in Carroll County, zip code 72632 (latitude 36.4108228, longitude -93.7347832), this property is ideally positioned within a highly sought-after vacation destination. The asking price is $1,175,000. While previously operating as a highly-rated inn, boasting five guest suites each with updated bathrooms, and two suites with private entrances, this land offers immense potential for various commercial ventures. The property includes a welcoming eating area with a fireplace, perfect for guest gatherings or business functions. The existing residence has been updated for comfortable living, making it suitable for owner occupancy or staff housing. A key advantage is the property's direct access to the Spring Garden Trail, providing easy pedestrian access to downtown Eureka Springs. Further enhancing its appeal are the on-site Tesla and electric vehicle chargers, a unique amenity in Eureka Springs, and a convenient trolley stop. The property is being sold fully furnished, presenting a turnkey opportunity for immediate operation. This versatile lot offers a blend of established infrastructure and prime location, making it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $352,287

  6.5%

  $325,188

  7%

  $301,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,084

  Geo Method

  $598,084

• Alternative Use

  Use

  Valuation

  Residential

  $355,011

  Hospitality

  $325,188

  Educational

  $270,553

  Medical

  $279,857

  Retail

  $420,860

Location Insight

City

Eureka Springs

County

Carroll

State

Arkansas

Latitude

36.4109

Longitude

-93.7347

Property Tax & Assessments

FAQs

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