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Thurman's Lodge 163 East Van Buren, Eureka Springs, AR 72632
Economy/Limited Service
Property Description
Incredible Value Add Opportunity....Priced Right....Great Location
Lowest Asking Price per Door in many years.
Its all about Location, Location, Location. This is a well established hotel known as Thurman's Lodge. This non-flagged, independent 39 room economy hotel, actually has 3 additional rooms that are currently used as storage, according to the owner, making this potentially a 42 room hotel or potential conversion to efficiency short or medium term rentals. It is situated on 4.04 acres, with a majority of it currently undeveloped. The property featurers a large outdoor pool and plenty of parking. It is on a prime spot along Hwy 62, next to Arvest Bank and across the street from McDonalds, with a traffic count of approximately 9,000 cars per day according to ARDot. Owner is ready to move on.
This is a turnkey hotel & business with all furnishings and equipment to remain, although a new buyer may want to upgrade.
The furnishings have a good distribution of Kings, Queens and Doubles along with 2 King Jaccuzzi Suites. The ADR & Occupany is currently well below market with significant upside if repositioned and/or upgraded.
Contact Listing Broker to schedule showing.
All Offers Must Be Subject to Probate Court Approval.
Area Description
Eureka Springs is a city in the Ozark Mountains of northwest Arkansas. It’s known for the preserved Victorian buildings of its Historic District, such as the Palace Bath House, Basin Park Hotel and Crescent Hotel, all built around the city’s natural springs. In the nearby hills, soaring Thorncrown Chapel is a striking wood and glass church. To the south, Turpentine Creek Wildlife Refuge is home to big cats and bears
Highlights
Fabulous Opportunity for a seasoned investor. Huge potential upside. Dont miss this one.
Full Address: 163 East Van Buren, Eureka Springs, AR 72632
Listing Type: FOR SALE
Status: Active
Zoning: Commercial
Region: S-SW
County: Carroll County
Use Type: Hotel
Property ID: 4037869
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Power: Yes
Has Broadband: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Landscape: Yes
Traffic Count: 9,300 per ARDot in 2020 VPD
Building Construction: Concrete Block
Roof: Flat
Building Sf: 14170
Parcel Num: 925-01893-000
Number Units: 42
Number Buildings: 1
Year Built: 1980
Free Standing: Yes
Number Parking Spaces: 43
Fabulous Opportunity for a seasoned investor. Huge potential upside. Dont miss this one.