Commercial > Hospitality
Active
2 weeks ago
List Price
$399,000$78/ft²
302 Main St
Melbourne, AR 72556
- -Bed
- -Bath
- 5,140ft²Living Area
- 0.5acLot Size
- -Pool
- 15Car
- 1979Year Built
- 18DOM
- -Permit
302 Main St, Melbourne, AR 72556 is a 5,140 ft² commercial hospitality property property built in 1979 on a 0.500 acre lot.
MLS Description
The listing agent's description. Original Listing
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.
Listing Agents
The listing agent for 302 Main St is Benjamin Salmonsen.
BS
Benjamin Salmonsen
KW Market Pro Realty Bentonville West
Phone: (479) 231-1355
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$2,040.73From latest Total Assessed Value4.99%Total Assessed Value$40,880=Land+
Assessed Value$4,880Additions
Assessed Value$36,000
In 2023, taxes billed for 302 Main St were $2,040.73, which is 4.99% from latest Total Assessed Value of $40,880.
Property History
302 Main St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 302 Main St
Hazard Risks
Lead362Air Pollution147Ozone142Earthquake126Hail119Carb Mono101Nat'l Avg100Particulates91Wind55Tornado47Weather46Hurricane38
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 302 Main St.
Walkability Index
0 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
302 Main St has a walkability score of 0 out of 20, which means that it is in a car dependent area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
28°F
High
50°F
Summer
Average
Low
65°F
High
90°F
In the winter at 302 Main St, temperatures range from 27.6°F to 50.36°F with an average of 38.98°F. In the summer, the temperature ranges from 65.3°F to 90.12°F with and average of 77.71°F.
School Information
Public/private schools serving 302 Main St
Public Schools
Melbourne Elementary School
Grades: PK-6
4.29 mi
A-
Melbourne High School
Grades: 7-12
4.31 mi
B-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 302 Main St have ratings undefined, and undefined.
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