111 Standridge Ln - Hospitality FOR SALE


Mount Ida, AR 71957
$320,000 USD
501-520-9799
111 Standridge Ln, Mount Ida, AR for Sale
$320,000 USD
Hospitality - FOR SALE
1/30
null | 12% Cap Rate

111 Standridge Ln
Mount Ida, AR 71957


OVERVIEW

Don't miss this beautiful, turnkey 3-unit boutique hotel fully renovated in 2024 with brand-new foundation, plumbing, electrical, HVAC, and luxury finishes and so much more. Income-producing now with excellent financial history. Located steps from boutique shops, flea markets, art galleries, restaurants, festivals, live bluegrass music, and a local theater. Located in a growing, revitalizing downtown with shops, dining, and year-round tourism, in the heart of an outdoor and adventure mecca. Guests come from all over the world come to dig for quartz and diamonds — Mount Ida is the Quartz Capital of the World where you can enjoy world-renowned mountain biking, hiking, fishing, boating, kayaking, and 10 minutes from Lake Ouachita. Nearby is the Caddo River Festival and Glenwood with river float activities and a newly active Main Street Program, as well as a recreationally rich Mena Arkansas. This hotel is a short drive to Crater of Diamonds State Park, and even closer to Hot Springs National Park. The city has Festivals, fairs, rodeos, and live music on the historic courthouse lawn and being nearest to the crystal mines, drawing visitors year-round. Actively revitalizing downtown in this growing area that creates even more tourism. In 2024 visitor spending in Montgomery County was 66 Million Dollars (See Arkansas Tourism Economic Impact Statement). Immediate cash flow and long-term growth — owner motivated for a quick, smooth sale to focus on revitalizing buildings downtown and community collective. This collective is who renovated this building. The owner will be happy to provide additional details, budget reports, and transition support. This turnkey property is ideal for investors or anyone looking to be part of Mount Ida’s growing tourism and community scene

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$162 USD /SF

# OF ROOMS

3

PRICE/ROOM

$106,667 {currency}

CAP RATE

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rockhound Boutique Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,329 SF

ZONING

commercial

APN/PARCEL ID

078-00225-000

ASK ABOUT THIS PROPERTY

Julia BreyMcGraw Realtors - Hot SpringsMore Info
501-520-9799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Julia BreyMcGraw Realtors - Hot SpringsMore Info
501-520-9799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.