304 East Court Street - Hospitality FOR SALE


Jasper, AR 72641
$2,250,000 USD
870-688-7100
304 East Court Street, Jasper, AR for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

304 East Court Street
Jasper, AR 72641


HIGHLIGHTS

  • Premier Location large lot in Jasper ... Arkansas' outdoor capital
  • Prized Buffalo National River Canoe Concessioner Permit - 60 canoes/kayaks
  • Historic residence

OVERVIEW

Discover the perfect ecotourism business opportunity. Riverview Motel and Canoes is conveniently located on the banks of the Little Buffalo River on Scenic Hwy 7 in Jasper Arkansas, only 2 blocks from shopping and amazing dining all around the beautiful and historic Jasper square. The1950s era motel is strategically located in the nature-iconic Newton County and only a short drive to Buffalo National River. Perfect location for accessing the 35 mile stretch of upper and mid-river BNR river access points. Jasper location offers more floatable days on lower sections as well as exciting upper river runs during wetter seasons. Included: 28 room motel (8 currently rentable), Riverview canoe operations with prized Buffalo National River concession license for 60 canoes/kayaks. Seller will remain involved during transition. Also included: Historic home and 4 large metal buildings currently housing an auto-body repair business that will relocate if desired by buyer. Premier site in Arkansas’ outdoor mecca servicing all ecotourism venues. Jasper commercial real estate sites very limited. And this one comes with the canoe concession license that is a true carrot for enhancing the property’s other commercial applications. Jasper is essentially landlocked on 4 sides by Little Buffalo River and the majestic Boston Mountains. This large 4.5 acre location is the signature gateway commercial real estate entrance to Jasper. Traffic count is 4500/day. It is well-suited for a mixed use redevelopment including the canoe operation

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$188 USD /SF

# OF ROOMS

30

PRICE/ROOM

$75,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverview Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

28

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

CI, R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Stewart NanceCantrell-Griffin Business BrokersMore Info
870-688-7100

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

Stewart NanceCantrell-Griffin Business BrokersMore Info
870-688-7100

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