2017 E Van Buren
Eureka Springs, Ar 72632
- Mixed Use
- Office
- Mixed Use
- Office
$799,000
$166 per sqft4800 Sqft
1.42 Acres
Rare 12-unit turnkey hospitality investment in Eureka Springs. Studios at Eureka currently offers a flexible hybrid income model with 6 short-term rental units and 6 mid-term rental units. Opportunity for new owner to turn this into a boutique hotel! Valuable grandfathered STR permit in a market where new STR permits are banned in residential zones. The property has been remodeled throughout: LVP flooring, updated furnishings, smart locks, HVAC repairs and replacements, plumbing and electrical updates, exterior paint, landscaping, and active branding across Airbnb, VRBO, Booking.com, and a direct booking site. This multi-unit Ozark property benefits from Eureka Springs tourism demand and nearby attractions. Property is fully operational with active STR bookings and mid-term guests in place
Rare 12-unit turnkey hospitality investment in Eureka Springs. Studios at Eureka currently offers a flexible hybrid income model with 6 short-term rental units and 6 mid-term rental units. Opportunity for new owner to turn this into a boutique hotel! Valuable grandfathered STR permit in a market where new STR permits are banned in residential zones. The property has been remodeled throughout: LVP flooring, updated furnishings, smart locks, HVAC repairs and replacements, plumbing and electrical updates, exterior paint, landscaping, and active branding across Airbnb, VRBO, Booking.com, and a direct booking site. This multi-unit Ozark property benefits from Eureka Springs tourism demand and nearby attractions. Property is fully operational with active STR bookings and mid-term guests in place. Value-add opportunities: hot tub, outdoor fire pit/gathering area. Don't miss this one! Financials and projections available upon request. Buyer to verify all figures, permits, income, expenses, and projections.
| MLS | 1354068 |
| Type | Commercial Sale |
| Property Sub Type | Hotel Motel |
| Built | 1973 |
| County | Carroll |
| Lot Size | 1.42 |
| Air Condition | Electric, Window Units |
| Amenities | None |
| Appliances | Electric Water Heater |
| Exterior | Brick |
| Foundation | Slab |
| Lot Desc | Central Business District, City Lot, Interior Lot |
| Listed By | E Xp Realty NWA Branch |