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Vacant Shell Motel 107-n N Rand Dr 64 Room Hotel Searcy, AR 72143 $1,876,486 CAD ($29,320 CAD/Room)
INVESTMENT HIGHLIGHTS
- Motivated Sellers!
- Close Proximity to Unity Health
- High Visibility & High Traffic
- Close Proximity to Interstate 67
EXECUTIVE SUMMARY
64 Units ready to be reimagined. Located near Interstate 67, white county's biggest employer (Unity Health) and all major shopping this location is ready to be revamped. Motivated sellers are ready to move this property.
Break Down:
16 rooms had 1 king bed
44 had 2 double beds
The 4 top bays over the office were living quarters
Center bay staircase
Break Down:
16 rooms had 1 king bed
44 had 2 double beds
The 4 top bays over the office were living quarters
Center bay staircase
PROPERTY FACTS
| Price | $1,876,486 CAD | No. Rooms | 64 |
| Price Per Room | $29,320 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1991 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.21 AC | Opportunity Zone |
Yes
|
| Building Size | 37,782 SF | ||
| Zoning | C-1 - Commercial | ||
| Price | $1,876,486 CAD |
| Price Per Room | $29,320 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.21 AC |
| Building Size | 37,782 SF |
| No. Rooms | 64 |
| No. Stories | 2 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 2.75/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-1 - Commercial |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $118.15 CAD | - |
| Guest Room | 56 | $90.35 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 016-09947-001 | Improvements Assessment | $5,114 CAD |
| Land Assessment | $76,483 CAD | Total Assessment | $81,597 CAD |
PROPERTY TAXES
Parcel Number
016-09947-001
Land Assessment
$76,483 CAD
Improvements Assessment
$5,114 CAD
Total Assessment
$81,597 CAD
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Vacant Shell Motel | 107-n N Rand Dr
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