302 N Main Streets Active Save Request In-Person Tour Request Virtual Tour
Melbourne,AR 72556
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