This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Cottonwood Inn 360 Highway 62 E

22 Room Hotel Salem, AR 72576 $899,629 CAD ($40,892 CAD/Room) 18.54% Cap Rate

Investment Highlights

  • Cottonwood Inn - Salem, AR

Executive Summary

Well run hotel in Arkansas for many years. Family owned and operated and very high occupancy. Seller Motivated, All offers will be seriously considered, around 70-80k improvements in last couple years. New roof, central heating and air plus more. 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. Renovations include new roof, siding, and updated rooms. Call Jerry George to set up a tour of the property - 217-638-1360 - jgeorge@thegroup.com

Attachments

Cottonwood

Financial Summary (Actual - 2021) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
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 (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $899,629 CAD
Price Per Room $40,892 CAD
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 $71.97 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
895-27618-000
Land Assessment
$11,996 CAD (2023)
Improvements Assessment
$134,540 CAD (2023)
Total Assessment
$146,536 CAD (2023)

zoning

Zoning Code C
C
  • Listing ID: 27177119

  • Date on Market: 2022-11-23

  • Last Updated:

  • Address: 360 Highway 62 E, Salem, AR 72576

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}