Commercial Sale in Eureka Springs

$799,000

2017 Van Buren, 72632, Eureka Springs, AR

Commercial Sale for sale in Eureka Springs, 2017 Van Buren, 72632, 4800 m²

2017 Van Buren, 72632, Eureka Springs, AR

$799,000

4800
Type: Commercial Sale

Description

Rare 12-unit turnkey hospitality investment in Eureka Springs. Studios at Eureka currently offers a flexible hybrid income model with 6 short-term rental units and 6 mid-term rental units. Opportunity for new owner to turn this into a boutique hotel! Valuable grandfathered STR permit in a market where new STR permits are banned in residential zones. The property has been remodeled throughout: LVP flooring, updated furnishings, smart locks, HVAC repairs and replacements, plumbing and electrical updates, exterior paint, landscaping, and active branding across online booking platforms, and a direct booking site. This multi-unit Ozark property benefits from Eureka Springs tourism demand and nearby attractions. Property is fully operational with active STR bookings and mid-term guests in place. Value-add opportunities: hot tub, outdoor fire pit/gathering area. Don't miss this one! Financials and projections available upon request. Buyer to verify all figures, permits, income, expenses, and projections.

Location

2017 Van Buren, 72632, Eureka Springs, AR

Data

Object TypeCommercial Sale
Purchase Price$799,000
Living Space4800 m²
Plot Size5746.54 m²
BathroomsN/A
Construction Year1973
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric
Primary Energy SourceN/A
Construction Year1973
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent