3169 Van BurenEureka Springs, AR 72632

Property Details for 3169 Van Buren

Year built

1994

Lot size

2.75 AC

Property size (Sq ft)

23,910 SF

Property type

Hospitality properties

Property subtype

Motels

APN

925-02212-000

APU

92502212000

Description

This fee-simple, stabilized hotel investment opportunity in Eureka Springs, Arkansas, presents a compelling prospect. The property, known as Hotel O, boasts 60 keys across three buildings, totaling 23,910 square feet on a 2.75-acre lot. Built in 1994 and meticulously maintained, the hotel features a variety of room configurations, including jacuzzi suites, adjoining rooms, two-room suites, balconies, exterior and interior access rooms, handicap-accessible rooms, and rooms with king or double-queen beds. The property includes a large fenced-in pool with a lounge deck and a separate deck retreat featuring a fire pit offering stunning Ozark Mountain views. A sprinkler system protects the main building, manager's suite, and lobby. All buildings received a new roof in 2024. The hotel operates under the OYO Hotels brand. The property is zoned CI - Commercial Improved and has an APN of 925-02212-000. Financial statements for fiscal years 2022 and 2023 are available upon request, showcasing the property's strong operating performance. Located at 3169 E. Van Buren, Eureka Springs, AR 72632, this property offers a unique blend of established hospitality and significant growth potential. The asking price is $1,750,000, translating to $73.19 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,367,393

  6.5%

  $2,185,286

  7%

  $2,029,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,019,164

  Geo Method

  $4,019,164

• Alternative Use

  Use

  Valuation

  Residential

  $2,385,698

  Hospitality

  $2,185,286

  Educational

  $1,818,132

  Medical

  $1,880,661

  Retail

  $2,828,206

Location Insight

City

Eureka Springs

County

Carroll

State

Arkansas

Latitude

36.3909

Longitude

-93.7146

Property Tax & Assessments

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