37394 Highway 23Huntsville, AR 72740

Property Details for 37394 Highway 23

Year built

2020

Construction

WOOD FRAME

Lot size

9.85 AC

Property size (Sq ft)

1,608 SF

Property type

Office buildings

APN

001-13330-000

APU

113330000

Description

This exceptional 9.85-acre property, located at 37394 Highway 23 in Huntsville, Arkansas, presents a turnkey opportunity in the thriving RV park industry. Originally acquired as undeveloped land in 2016, the current owner meticulously developed the site into the successful Eagles Rest RV & Camping. The park boasts 43 fully functional RV sites, ready to accommodate guests. Infrastructure includes a well-maintained office building, two separate bathroom facilities for guest convenience, a dedicated maintenance shop for efficient upkeep, a spacious pavilion perfect for gatherings, and a reliable pump station. The property features thoughtfully designed pads and graded roads, ensuring easy navigation and accessibility throughout the park. The surrounding landscape provides a tranquil, tree-lined setting, offering a peaceful rural atmosphere while remaining conveniently close to the town of Huntsville. The property's value is supported by a recent appraisal that considers both the land and the substantial improvements made. This is a rare opportunity to acquire an established and profitable business with significant potential for growth. Financial details are available upon request. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $140,172

  6.5%

  $129,390

  7%

  $120,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,020

  Geo Method

  $115,020

• Alternative Use

  Use

  Valuation

  Residential

  $160,443

  Hospitality

  $146,965

  Educational

  $122,273

  Medical

  $126,479

  Retail

  $190,203

Location Insight

City

Huntsville

County

Madison

State

Arkansas

Latitude

36.1945

Longitude

-93.7173

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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