- 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 Sep 18, 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
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Contacts
Location
Getting Around
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Walk Score ®
49/100
Car-Dependent
-
Bike Score ®
15/100
Somewhat Bikeable
- City Eureka Springs, AR
- Neighborhood Eureka Springs
- Zip Code 72632
Points of Interest
-
Quality Inn
0.17 miles
-
Super 8 by Wyndham Eureka Springs
0.48 miles
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Days Inn by Wyndham Eureka Springs
0.50 miles
-
Basin Hotel
0.83 miles
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Best Western Inn of the Ozarks
0.84 miles
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Wanderoo Lodge
0.86 miles
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Lookout Lodge
0.88 miles
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The New Orleans Hotel
0.91 miles
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The Palace Hotel and Bath House
1.00 miles
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Safari Lodge
5.53 miles
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Amigos
0.71 miles
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Local Flavor Cafe
0.72 miles
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The Spring on Main
0.74 miles
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1886 Crescent Hotel & Spa
1.24 miles
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Eureka Springs Middle School
0.56 miles
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Eureka Springs Elementary School
0.65 miles
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Clear Spring School
1.31 miles
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Berryville Elementary School
9.10 miles
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Berryville High School
9.12 miles
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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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Contact Listing Broker
Stephen Mansfield
RE/MAX Real Estate Results
