2015 Van BurenEureka Springs, AR 72632

Property Details for 2015 Van Buren

Year built

1973

Lot size

2.48 AC

Property size (Sq ft)

15,808 SF

Property type

Hospitality properties

Property subtype

Motels

APN

925-01880-000

APU

92501880000

Description

This 1973-built, two-story hotel in Eureka Springs, Arkansas, presents a unique investment opportunity. The property, situated on a 1.42-acre lot (APN 925-01896-002), boasts 12 keys spread across approximately 4,800 square feet. Each of the twelve rooms features amenities including a microwave, TV, and mini-refrigerator, with room configurations varying to include double queen beds, king beds, and king rooms with jacuzzi tubs. The hotel's zoning is commercial, allowing for flexibility in its operation. Conveniently located approximately 1.5 miles from downtown Eureka Springs, the hotel offers guests easy access to the area's vibrant shopping, dining, and attractions. This established hotel is ideally positioned to capitalize on the thriving tourism industry in Eureka Springs. The property is a single building and is situated in Carroll County, Arkansas, with the address listed as 2015 E Van Buren, Eureka Springs, AR 72632. The asking price for this turnkey operation is $384,900.

• CAP approach

  CAP return

  Valuation

  6%

  $1,565,192

  6.5%

  $1,444,793

  7%

  $1,341,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,657,254

  Geo Method

  $2,657,254

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,294

  Hospitality

  $1,444,793

  Educational

  $1,202,051

  Medical

  $1,243,391

  Retail

  $1,869,857

Location Insight

City

Eureka Springs

County

Carroll

State

Arkansas

Latitude

36.3884

Longitude

-93.7348

Property Tax & Assessments

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