$9,000,000
$10,524,478
14.5%For more information regarding the value of a property, please contact us for a free consultation.
1234 County Road 120 Eureka Springs, AR 72631
15,308 SqFt
Key Details
Sold Price $9,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,308 sqft
Price per Sqft $587
MLS Listing ID 1133851
Sold Date 12/16/21
Construction Status Resale (less than 25 years old)
HOA Y/N No
Year Built 2004
Lot Size 20.000 Acres
Acres 20.0
Property Description
Included in this offering is the resort business and real estate known as Beaver Lakefront Cabins. 9% CAP Rate on the average of the last three Trailing Twelve Months (TTM) Adjusted EBITDAR. Features Include: One Lake House, 6 Secluded Cabins, 1 Bluff Cabin, 5 Lake View Suites, 2 Sky Suites, +/- 20 Acres, Indoor Fishing, Boat Dock and Rental, Massage Services, 11 Employees with Experience; Management in place; growth opportunities include adding alcohol, more lodging units, a restaurant and food service, shuttle services, and a wedding venue. www.beaverlakefrontcabins.com. Contact us for more information!
Location
State AR
County Carroll
Area Arkansas Regional Mls, Llc
Zoning N
Direction From I49, Exit 86 and US 62, go east on US 62 E for 27.6 miles to AR 187 S; Turn right onto AR 187 S and continue for 5.5 miles to Carroll County 120, (aka Oak Ridge Lane); Turn right and 'Follow the sunset' signs 1.25 miles to the property.
Building
Lot Description Other, Rural Lot, See Remarks, Waterfront
Construction Status Resale (less than 25 years old)
Others
Acceptable Financing USDA Loan
Listing Terms USDA Loan
Special Listing Condition None
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Bought with Black Diamond Mergers & Acquisitions, LLC