275 Main StEureka Springs, AR 72632
- Retail properties
- 2,732 SF
Property Details for 275 Main St
- Year built
- 1980
- Lot size
- 0.69 AC
- Property size (Sq ft)
- 2,732 SF
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- 925-00272-001
- APU
- 92500272001
Description
This unique 11-cottage hotel, known as All Seasons Treehouse Village, presents a compelling investment opportunity in Eureka Springs, Arkansas. Located at 275 N Main St, 72632, this property boasts 5,000 square feet on a 0.69-acre lot (APN 925-00272-001). Built in phases between 2012 and 2022, the property features 11 single-story buildings, each designed with an appealing treehouse aesthetic. The architectural design is intriguing, and the exteriors are low-maintenance. The property is beautifully landscaped and enjoys a serene setting near a creek, offering a peaceful atmosphere while remaining within walking distance of downtown Eureka Springs and the train depot. Each cottage includes an outdoor sitting area, allowing guests to appreciate the Ozark Mountain scenery. The property is zoned for commercial use and offers a strong potential for continued success in the hospitality industry. The asking price is $2,200,000, translating to $440 per square foot. This turnkey operation provides an exceptional opportunity for an investor seeking a unique and established hospitality business in a desirable tourist destination. The property's combination of charm, location, and modern construction makes it a truly remarkable offering.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $350,086
- 6.5%
- $323,156
- 7%
- $300,073
-
Comparable approach
- Method
- Valuation
- Relative Method
- $492,458
- Geo Method
- $492,458
-
Alternative Use
- Use
- Valuation
- Residential
- $272,594
- Hospitality
- $249,695
- Educational
- $207,743
- Medical
- $214,888
- Retail
- $323,156
Location Insight
- City
- Eureka Springs
- County
- Carroll
- State
- Arkansas
- Latitude
- 36.4108
- Longitude
- -93.7331
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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