AR > Melbourne > Original Town - Melbourne
Melbourne, AR 72556,302 N Main Streets
See all 22 photos
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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
19
Mar
Thu
20
Mar
Fri
21
Mar
Image Realty NEA

Image Realty NEA

+1(870) 236-2121
$ 399,000
Est. payment /mo
Save
Price Dropped by $26K

302 N Main Streets Melbourne, AR 72556

UPDATED:

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
agent

Image Realty NEA

+1(870) 236-2121

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Image Realty NEA, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(870) 236-2121 to obtain direct assistance.

Go tour this home

302 N Main Streets

QUICK SEARCH