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741 Park Avenue

Hot Springs, AR 71901
  • $1,850,000
  • STATUS: Active
  • ON SITE: 168 Days
  • MLS #: 152314
UPDATED: 70 min ago
$1,850,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
Built:
1920
County:
Area:

School Ratings & Info

Description

The Gold-Inn has been a cherished part of Hot Springs, Arkansas, since 1920. Located in Park Avenues historic district, the charming motor lodge is a living tribute to the golden age of American travel. Gold-Inn is a 19-room boutique motor lodge centered around a charming 1905 manor. This classic setup reflects the character of Park Avenue, a historic neighborhood known for its grand old homes and vintage motor courts. Gold Inn sees consistent and strong occupancy levels year-round. This is a turn-key opportunity for any investor looking for a stable and growing income stream. Everything is in place for you to hit the ground running. Additional units can be added for more rental income. Financials available upon request.

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www.lakehamiltonlakehomes.com/homes/167346508
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741 Park Avenue Hot Springs, AR 71901

  • Price: $1,850,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 70 min ago
  • MLS #: 152314
0
Beds
0
Baths
0
½ Baths
0.66
Acres
1920
Built
Neighborhood:
Hot Springs Reservation
County:
Garland
Area:
Hot Springs
Property Description
The Gold-Inn has been a cherished part of Hot Springs, Arkansas, since 1920. Located in Park Avenues historic district, the charming motor lodge is a living tribute to the golden age of American travel. Gold-Inn is a 19-room boutique motor lodge centered around a charming 1905 manor. This classic setup reflects the character of Park Avenue, a historic neighborhood known for its grand old homes and vintage motor courts. Gold Inn sees consistent and strong occupancy levels year-round. This is a turn-key opportunity for any investor looking for a stable and growing income stream. Everything is in place for you to hit the ground running. Additional units can be added for more rental income. Financials available upon request.
Exterior Features

Exterior StuccoSiding Exterior Features Partially FencedPole Sign Foundation SlabSlab/Crawl Combination Parking 50+ Spaces Roof Architectural Shingle

Interior Features

Floors TileVinyl Heating Air Conditioning Window UnitsOther (See Remarks) Interior Features Janitor ServicesEquipment (See Remarks)Inventory (See Remarks)Window Treatments Stories One StoryTwo Story Walls PlasterSheet Rock

Property Features

Approx Frontage 110' Business Name Gold Inn Business Type Motel - Airbnb Business Use Type Hotel/Motel Estimated Annual Taxes 5818 Possession At Closing Price Includes GoodwillEquipmentInventoryReal Estate Road Surface Paved Sale Rent For Sale Tax Year 2024 Transportation On Bus-LineHighway Frontage Type BusinessBldg and Land Utilities Available ElectricGas-NaturalSewer-PublicWater-PublicCable / TV / SatelliteInternetJanitorialTrash Warranty As-IsPrsnt Cnd at Clsng Will Subdivide YN No Zoning C-TR C-Trans District

 
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Rachelle McClard | Lake Homes Realty
250 Ledgerwood Rd Apt 15
Hot Springs AR, 71913