About This Restaurant
Investment Highlights
Beautiful location on Norfork Lake 11 newly refurbished cabins and new 3,600 SF custom home Large, acclaimed restaurant with loyal following Owned extra land for expansion + option on adjoining 36 ac
Executive Summary
Highly profitable acclaimed 4* restaurant & 11 nightly rental cabin business on beautiful Norfork Lake. Conveniently located near dam, business enjoys very loyal following attracted to area?s world class fishing & water sports on White River, Norfork River & Norfork Lake. Restaurant includes rebuilt kitchen & seats 100 guests inside, 40 outdoor capacity on picturesque patio. Beautiful 5 yr old 3600 sf luxurious custom residence. Undermarketed, newly refurbished nightly rental cabins provide a great opportunity to work, live & enjoy the area. Popular, semiactive catering side business w opportunity to grow. New owner can manage, promote, grow business as all needed upgrades are completed. No marketing effort on cabins other than website phone#. 36ac adjoining property option to purchase. Exquisite property is a hidden gem for an entrepreneur looking to capitalize on exceptional location, impressive amenities & untapped potential. The perfect blend of nature, luxury overnights & culinary excellence. Contact us for more details.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant Flex Telecom Hotel Data Hosting Restaurant
- Building Size 11,589
- Year Built/Renovated 1950/2018
- Price 2,090,000
- Price Per SF 180
- Cap Rate 15.41
- NOI 322,000
- Percent Leased 100
- Building Height 1 Story
Amenities
- Corner Lot
- Courtyard
- Fireplace
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 4245 Highway 177 S , Jordan, Arkansas, 72519 | ||