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Cottonwood Inn 360 Highway 62 E
22 Room Hotel Salem, AR 72576 $825,000 ($37,500/Room) 18.54% Cap Rate
Investment Highlights
- Cottonwood Inn - Salem, AR
Executive Summary
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $825,000 | Lot Size | 1.96 AC |
| Price Per Room | $37,500 | Building Size | 8,425 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 18.54% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built | 1995 |
| Property Type | Hospitality | Parking Ratio | 3.56/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $825,000 |
| Price Per Room | $37,500 |
| Sale Type | Investment |
| Cap Rate | 18.54% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 8,425 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 3.56/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 360 Highway 62 E , Salem, AR 72576
Well run hotel in Arkansas for many years. Family owned and operated and very high occupancy. Property is in excellent condition and has been maintained well over the years and it shows. High occupancy and strong return for an owner-operator. Located directly off Highway 62 for great traffic from truckers, contractors, and vacationers. When you stay at Cottonwood Inn in Salem, you'll be 15 minutes by car from Golf Course on Turkey Mountain. This motel is 12.9 mi (20.7 km) from Crown Lake and 13.3 mi (21.3 km) from Horseshoe Bend City Hall. There are restaurants, bars, lounge & dining options in town. A complimentary continental breakfast is served daily from 7:00 AM to 10:00 AM. Feel at home in one of the 22 air-conditioned rooms featuring refrigerators and flat-screen televisions. Complimentary wireless Internet access keeps you connected, and cable programming is available for your entertainment. Bathrooms have shower/tub combinations and complimentary toiletries. Conveniences include microwaves and coffee/tea makers, and housekeeping is provided daily. If you are thinking of bringing your pet and want to know if pets are allowed at Cottonwood Inn. Professional property host/manager with own apartment. Call Jerry George to set up a tour of the property - 217-638-1360 - jgeorge@thegroup.com
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $66.00 | - |
PROPERTY TAXES
| Parcel Number | 895-27618-000 | Improvements Assessment | $95,780 (2023) |
| Land Assessment | $8,540 (2023) | Total Assessment | $104,320 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | C |
| C |
Learn More About Investing in Hospitality Properties
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Cottonwood Inn | 360 Highway 62 E
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