AR > Melbourne > Original Town - Melbourne
Melbourne, AR 72556,302 N Main Streets
Melbourne, AR 72556,302 N Main Streets
Melbourne, AR 72556,302 N Main Streets
Melbourne, AR 72556,302 N Main Streets
Melbourne, AR 72556,302 N Main Streets
Melbourne, AR 72556,302 N Main Streets
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Westgate Realty

Westgate Realty

+1(417) 257-2733
$ 399,000
Est. payment | /mo

5,140 SqFt

Save
$ 399,000
Est. payment | /mo
Save

5,140 SqFt

Key Details

Property Type Commercial

Sub Type Hospitality

Listing Status Active

Purchase Type For Sale

Square Footage 5,140 sqft

Price per Sqft $77

Subdivision Original Town - Melbourne

MLS Listing ID 25003376

Style Traditional

Year Built 1979

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Hospitality

Property Description

Located in the heart of Downtown Melbourne, AR, DenMill Cedar Lodge presents a unique investment opportunity with 17 rooms and a spacious manager's quarters. The property currently features 4 rooms rented out long-term (2 as rentals and 2 to businesses), 11 rooms available for nightly rentals, and 2 rooms currently unavailable - one serving as storage and the other cleared out for an unfinished coffee shop. Spanning +/- 5,140 SF across two buildings, the lodge offers mostly ground-level rooms with convenient parking right outside the entrances, ensuring ease of access for guests. With affordable housing scarce in Melbourne, the best use of the property may be long-term rentals. The current owners have invested in significant upgrades to both the lobby and rooms, including a complete update to the managers quarters that now features a kitchen, a large bedroom big enough for 2 queen beds and 2 full bathrooms upstairs. Additionally, DenMill Cedar Lodge is located +/- 1.2 miles from Ozarka College, a technical college with an enrollment of +/- 1,000 students each semester, making it a prime choice for both visitors and residents seeking nearby accommodations.

Location

State AR

County Izard

Area Melbourne

Interior

Interior Features Equipment (see remarks), Inventory (see remarks), Exclusions (see remarks), Furnished, Living Area, Ceiling Fans, Furniture Included, In-Unit Bathroom, Living Space Included, Showers, Stairs

Heating Mini Split

Flooring Vinyl

Exterior

Parking Features 11 - 25 Spaces, Paved, Lot

Garage Spaces 15.0

Utilities Available Sewer-Public, Water-Public, Gas-Natural, Community Sewer

Roof Type Metal

Building

Lot Description Level, Interior Lot, Major Road Frontage

Foundation Block

New Construction No

Listed by KW Market Pro Realty Bentonville West • Benjamin T Salmonsen

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agent
Westgate Realty

Broker | License ID: 2019046646

+1(417) 257-2733

740 N Kentucky Ave, West Plains, MO, 65775, USA

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