Ramada by Wyndham Mountain Home

1127 NE Hwy 62 E, Mountain Home, AR

$2,100,000

Price

9.93%

Cap Rate

$208,541.49

NOI

Overview
Cap Rate
9.93%
NOI
$208,541.49
Building Size
62,641 sqft
Lot Area
3.71 acres
Keys
78
Class
B
Occupancy
32.2%
Year Built
1980
Floors
2
Description

The Ramada Inn by Wyndham is exclusively listed by Tabani Realty. The hotel was built in 1980 and was most recently remodeled in 2017, completing most of the remaining PIP. The hotel has 78 rooms across 2 floors with an overall building size of 62,641 SF. The property sits on a 3.71 acre parcel of land that is included in the sale. Also apart of the sale includes a restaurant and 2 other spaces. The restaurant space is currently occupied by Pizza Inn and the other remaining retail spots are occupied by a salon and an ice cream shop. All 3 spaces are attached to the building.

The Ramada Inn has many amenities that they offer. There is an indoor, heated pool for guests to enjoy year-round. For those hosting events or business meetings, there is a 5,000 SF banquet hall and meeting room space available. Additionally, there is a business center on site and free Wifi. The hotel offers free coffee and tea in the common areas and also a free continental breakfast. In each room there are flatscreen TVs, a microwave, refrigerator, and premium cable channels.

Mountain Home is a city in and the county seat of Baxter County, Arkansas. The most recent recorded population of Mountain Home is 12,332. The Mountain Home Micropolitan Statistical Area includes all of Baxter County with a current population of 41,355. It is in the southern Ozark Mountains near the border of Arkansas and Missouri. It is commonly referred to as the Twin Lakes Area because it is bordered by two of Arkansas' largest lakes, Bull Shoals Lake and Norfolk Lake. On its southern border is the Norfork Tailwater and the Buffalo National River. Being near these rivers makes Mountain Home one of the nation's top freshwater fishing destinations. There are numerous options for those wanting to engage in outdoor activities like hiking, fishing, boating, tubing, swimming, or scuba diving.

The town has a small suburban feel and is known for being one of the safest places to live in Arkansas. The area is a top pick in the state for young professionals and retirees. Larger cities are within a short trip away from the property. About 120 miles away is Fayetteville, Arkansas and Springfield, Missouri. The biggest city close by is Little Rock and it is about 3 hours away.

Highlights
  • 78 rooms
  • Remodeled in 2017
  • Minimal PIP remaining
  • 3.71 acres of land included in sale
  • Located off of main highway in area
  • 5,000 SF of meeting space
  • Restaurant included (Pizza Inn)
  • 2 retail spaces included (currently occupied)
  • Heated indoor pool
  • Business center
  • Free breakfast and coffee/tea
  • Barbecue grills available
  • Free parking and RV/Bus/Truck parking
  • Pet friendly
  • Free Wifi
  • Near local attractions like big lakes and rivers
Documents

Location
Gallery