|Price/Rent PSF||$ 5,500,000.00|
|SQ. FT. Available||40,000|
This fishing and watersports destination is located in the Arkansas Ozarks just north of the beautiful town of Mountain View. With 48.57 +/- acres, this well-known northern Arkansas resort features adventuresome outdoor recreation activities such as guided trout fishing expeditions, canoeing, boat rental, and hiking trips with breathtaking scenery. Accomodations include rental cabins, a tent campground, and a motel. The retail shop sells gifts, tackle, fuel, and locally produced crafts. The popular and profitable restaurant has terrific food and does year-round thriving business. The nearby Ozark Folk Center features several annual arts and crafts festivals, permanent exhibitions, and frequent live bluegrass music performances.
This thriving and profitable resort and RV operation is for sale in its entirety. All real estate, book of business, and personal property are included. Based on a sale price of $5,500,000 the Cap Rate approaches 9.8%. There is much upside potential through additional advertising and expansion. Indications are that a convention center/events venue would thrive in this destination type resort.