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302 N Main Street

Melbourne, AR 72556
  • $399,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 1296823
Price Reduced
UPDATED: 24 min ago
$399,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,140
    SQFT
  • $78
    $/SQFT
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

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 as long-term, 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, enhancing it's appeal for tenants/guests. 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.

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© 2025 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Partners Realty. Data last updated: 2025-02-13T23:26:09.317.
www.martinmckeenwa.com/homes/159684477
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302 N Main Street Melbourne, AR 72556

  • Price: $399,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 24 min ago
  • MLS #: 1296823
0
Beds
0
Baths
0
½ Baths
0.5
Acres
5,140
SQFT
$78
$/SQFT
1979
Built
County:
Izard
Area:
Izard
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 as long-term, 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, enhancing it's appeal for tenants/guests. 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.
Exterior Features

Construction Materials Brick Block Concrete Lot Features City Lot Interior Lot Parking Features Parking Lot Parking Total 20 Road Frontage Type Main Thoroughfare Roof Metal

Interior Features

Basement None Basement YN No Cooling Ductless Electric Window Unit(s) Cooling YN Yes Flooring Ceramic Tile Laminate Simulated Wood Vinyl Foundation Details Block Furnished Furnished

Property Features

Business Type Bed & Breakfast Current Use Hotel / Motel New Construction YN No Possible Use Other Hotel / Motel Property Sub Type Hotel / Motel Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2041 Utilities Electricity Available Natural Gas Available Sewer Available Water Available Water Source Public Year Built Details 25 Years or older Zoning Description Commercial

Listing provided by Keller Williams Market Pro Realty Bentonville West: 479-231-1355.


© 2025 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Partners Realty. Data last updated: 2025-02-13T23:26:09.317.
 
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