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24341283
24341286

304 E Court Street, Jasper, AR 72641 For Sale

SN
AR SA00078543
The Griffin Company
Listed by The Griffin Company
$1,950,000
390 days on market
Updated 50 days ago

Boston Mountain Eco-Business & Redevelopment Opportunity

Details
Property Type Business for Sale, Hospitality
Sub Type Business and Building, Motel
Square Footage 10,000
Units 8
Cap Rate 1.00%
Broker Co-Op Yes
Class C
Year Built 1950. 1960, 1990
Buildings 6
Stories 1
Acreage 4.500
Zoning Commercial
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.00
Investment Type Redevelopment

Premier location with combination of natural charm, convenient accommodations and business potential

Marketing description

Premier site in Arkansas’ outdoor mecca servicing all ecotourism venues. Jasper commercial real estate sites very limited. And this one comes with highly prized canoe concession license that is a true carrot for enhancing the property’s other commercial applications. Traffic count 4500/day.


Riverview Motel and Canoes offers a unique combination of canoe operations and super convenient accommodations with a lot of upside redevelopment potential. Adjacent to the Little Buffalo River along famous scenic Hwy 7, the property includes a 1950s-era motel with 28 rooms (8 rentable) and a canoe operation with a Buffalo National River concession license thru 2036 permitting 60 canoes/kayaks. The property also features an historic home and four large metal buildings that serve as an auto-body repair business that will relocate. Premier location is gateway to Jasper and ideal for diverse river access to upper and middle sections of the nearby Buffalo National River. The 4+ acre site presents opportunities for revitalizing the motel or developing a retail/restaurant complex in this outdoor adventure focused town surrounded by the Little Buffalo River, Buffalo National River and spectacularly beautiful Boston Mountains.

Investment highlights

1950s-era motel with 28 rooms (8 currently rentable) and swimming pool

Large commercial autobody repair shop could generate income.

60 canoe/kayak operation with a Buffalo National River concession license thru 2036 (14% of the upper river)

Property also features an historic home and four large metal buildings serving as an auto-body repair business that will relocate if desired.

Listing Contacts

SN
AR SA00078543
The Griffin Company
Listed by The Griffin Company

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