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4801 W Commercial Dr

North Little Rock, AR 72116

$3,395,000

Hotel For Sale  •  28,332 Sq Ft

Property Details

  • Property Type Hotel
  • Total Building Size 28,332 Sq Ft
  • Lot Size 0.94 ac
  • Building Class C
  • Year Built 2007
  • Cap Rate 9.10 %
  • Tenancy Single
  • Zoning C1
17 Transit Score
34 Walk Score

Description

Property: 62 Keys. 3 Stories. Elevator. Outdoor Pool. Concrete Block. 
Renovations: $600,000+ Renovation in 2015 - 2016. 
Performance: $1,000,000+ Room Revenue in 2017. Strong Net Operating Income $328,000+ in 2017.
Upside: New Management has significant upside Potential through Revenue Management and Expense Control. Located in growing market of North Little Rock.
Expansion: Highway 67/167 just announced its plan to convert the Hwy into Interstate 57 which would connect directly to Missouri. New CARTI Cancer Center is being built in North Little Rock. 
Location: Located at Busy Exit on Hwy 67/167. City is growing and has new companies moving into the city. Local Area is Growing with More Jobs and New Development. Located next (walking distance) to Mall and Restaurants. 2 New Car Dealerships Recently added.  
Great Quality of Life: Close to University (UALR), Hospital (St. Vincent, Baptist, UAMS), Camp Robinson Base, Jacksonville AirForce Base and Many Parks (Burns Park – Biggest parks in Arkansas with huge amount of Sports activities). 
Offered at well below replacement cost - $3,395,000.

Highlights

Located at Busy Exit on Hwy 67/167. City is growing and has new companies moving into the city.

Financial Summary

Cap Rate: 9.10 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Business Center
  • Fitness Center
  • Pool
  • Car Charging Station

Public Transportation

AirportDriveWalkDistance
Clinton National Airport 16 min - 10.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Covered
Included in Rent: Yes
Yogesh Asudani 858-964-8680 Yogesh Asudani
Yogesh Asudani 858-964-8680 Yogesh Asudani