2017 E Van Buren, Eureka Springs, AR 72632
Carroll County
Key Facts
Description
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 online booking platforms, 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Year Built
1973
Stories
2
Living Area
4,800 sq ft
Lot Size
1.42 acres
Days on Market
14
MLS® Listing#
1354068
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
Parcel Number
925-01896-002
Directions
From Highway 62 in Eureka Springs, head toward the east side of town on E Van Buren Ave / Hwy 62 East. The property is located at 2017 E Van Buren Ave, near the hotel/motel corridor on the east side of Eureka Springs. There is a driveway located next the Heritage Motel and Trolley Stop #56. You will see a stone pillar with a "Studios At Eureka Sign" on it. Drive all the way to the back until you dead-end into the property.
Affordability Calculator
$159,800
Estimated monthly payment
$4,253/mo
Principal $639,200 · Est. interest $891,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Eureka Springs, AR
- $443,220
- Median Listing Price
- 74
- Median Days on Market
- 2,072
- Median Sq Ft
- $205
- Median Price / Sq Ft
- 405
- Active Listings
- This home’s price is 80% above the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Eureka Springs, AR.
Location
Points of Interest in Eureka Springs, AR
Showing the Eureka Springs area map.
Nearby Schools
Eureka Springs Public School
School · 0.5 mi away
Eureka Springs Middle School
Secondary · 0.5 mi away
Eureka Springs Elementary School
Elementary · 0.6 mi away
Natural State Montessori
Elementary · 0.9 mi away
Eureka Springs High School
Secondary · 0.9 mi away
Clear Spring School
School · 1.4 mi away
Berryville Elementary School
Elementary · 8.3 mi away
Berryville Elementary School
Elementary · 8.3 mi away
Berryville School District
School · 8.4 mi away
Berryville High School
Secondary · 8.4 mi away
Berryville Intermediate School
Elementary · 8.4 mi away
Berryville Middle School
Secondary · 8.9 mi away
Berryville School District
School · 8.9 mi away
Rocky Branch School
School · 12.4 mi away
Garfield Elementary School
Elementary · 13.9 mi away
Green Forest High School
Secondary · 17.2 mi away
Green Forest Elementary School
Elementary · 17.2 mi away
Green Forest School District
School · 17.3 mi away
Green Forest Intermediate School
Secondary · 17.3 mi away
Southwest High
Secondary · 18.6 mi away
Commute Calculator
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|---|---|---|---|---|
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| 20500 Keck Road, Siloam Springs, AR | $560,000 | 3 | 2 | 3,013 |
| 206 Doral Drive, Cave Springs, AR | $564,420 | 4 | 3 | 2,454 |
| 179 Main Street, Eureka Springs, AR | $569,000 | 1 | 3 | 4,708 |
Moving Cost Estimate
EXIT Agents in Eureka Springs
Listing Courtesy: eXp Realty NWA Branch - 479-585-2310
Presented by: Jennifer LeViseur