For Sale $769,000
Property Type Other
Units 0
Lot Size 4.04 Acre
Additional Rent Contact for pricing
# of Floors 3
Parking Spaces Avail. 43
Year Built 1980
Date Updated Nov 15, 2024

Incredible Value Add Opportunity....Priced Right....Great Location

Lowest Asking Price per Door in many years.

Its all about Location, Location, Location. This is a well established hotel known as Thurman's Lodge. This non-flagged, independent 39 room economy hotel, actually has 3 additional rooms that are currently used as storage, according to the owner, making this potentially a 42 room hotel or potential conversion to efficiency short or medium term rentals. It is situated on 4.04 acres, with a majority of it currently undeveloped. The property featurers a large outdoor pool and plenty of parking. It is on a prime spot along Hwy 62, next to Arvest Bank and across the street from McDonalds, with a traffic count of approximately 9,000 cars per day according to ARDot. Owner is ready to move on.

This is a turnkey hotel & business with all furnishings and equipment to remain, although a new buyer may want to upgrade.

The furnishings have a good distribution of Kings, Queens and Doubles along with 2 King Jaccuzzi Suites. The ADR & Occupany is currently well below market with significant upside if repositioned and/or upgraded.

Contact Listing Broker to schedule showing.

All Offers Must Be Subject to Probate Court Approval.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Stephen Mansfield

RE/MAX Real Estate Results

Location

Getting Around

Walk Score ®
49/100 Car-Dependent
Bike Score ®
15/100 Somewhat Bikeable

Map
Street

City Eureka Springs, AR
Zip Code 72632

Points of Interest

Quality Inn

0.17 miles
Eureka Springs Heritage Motel

0.20 miles
Traveler's Inn

0.23 miles
Brydan Suite's

0.39 miles
Super 8 by Wyndham Eureka Springs

0.48 miles
Days Inn by Wyndham Eureka Springs

0.50 miles
Eureka Matterhorn Towers

0.54 miles
Grand Central Hotel

0.83 miles
Basin Hotel

0.83 miles
Best Western Inn of the Ozarks

0.84 miles

Sparky's Roadhouse Cafe

0.08 miles
McDonald's

0.09 miles
SAUCED Barbeque & Brews

0.11 miles
The Rockin' Pig Saloon

0.17 miles
Subway

0.19 miles
Filling Station Restaurant

0.21 miles
La Familia Tex-Mex

0.21 miles
Thai House Restaurant

0.22 miles
The Soup Shack

0.26 miles
Cafe Amore

0.28 miles

Eureka Springs Middle School

0.56 miles
Eureka Springs Elementary School

0.65 miles
Clear Spring School

1.31 miles
Berryville Elementary School

9.10 miles
Berryville High School

9.12 miles
Berryville Middle School

9.12 miles

Frequently Asked Questions

How much does Thurman's Lodge cost?

The space currently listed for sale at Thurman's Lodge asks for $769,000.

What is the total square footage of Thurman's Lodge?

Thurman's Lodge totals 14,170 square feet.

When was this property built?

Thurman's Lodge was built in 1980.

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