201 E Main - Hospitality FOR SALE


Heber Springs, AR 72543
$749,900 USD
501-315-6963
201 E Main, Heber Springs, AR for Sale
$749,900 USD
Hospitality - FOR SALE
1/41
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201 E Main
Heber Springs, AR 72543


HIGHLIGHTS

  • Transferable liquor license
  • All rented units have leases

OVERVIEW

Welcome to The Cartwright. A former inn built in 1882 that was completely renovated in 2023. The Building has 15 studio apartments, a working restaurant, a lounge and an office that could be rented to generate extra revenue. The apartments are furnished and the upstairs units share a kitchenette. There is onsite coin op laundry that adds to the revenue totals. This property could be easily be turned back into a hotel and operated as such. THE BUILDING ALSO COMES WITH A TRASFERRABLE LIQUOR LICENSE. Located in a dry county this makes the license unmeasurably valuable.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

15

PRICE/ROOM

$49,993 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Herber Historic Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1882

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,352 SF

ZONING

C1

APN/PARCEL ID

300-00259-000-C

ASK ABOUT THIS PROPERTY

JEFF LUTZArkansas Vacation Rental Property MgmtMore Info
501-315-6963

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JEFF LUTZArkansas Vacation Rental Property MgmtMore Info
501-315-6963

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