Melbourne AR Commercial for Sale
$399,000
302 Main Melbourne, AR 72556
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- 25003376
ADDITIONAL INFORMATION
- Type:
- Other
- Sq.Ft.:
- 5,140
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- 1296823
View additional info
Courtesy: Keller Williams Market Pro Realty Bentonville West
479-231-1355
Salmonsen Group Realtors
479-330-1250
ADDITIONAL INFORMATION
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 as long-term, 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, enhancing it's appeal for tenants/guests. 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.
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Melbourne Real Estate
The median home value in Melbourne, AR is $138,400. This is higher than the county median home value of $127,900. The national median home value is $338,100. The average price of homes sold in Melbourne, AR is $138,400. Approximately 47.48% of Melbourne homes are owned, compared to 32.32% rented, while 20.2% are vacant. Melbourne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melbourne real estate agent to arrange a tour today!
Melbourne, Arkansas 72556 has a population of 1,992. Melbourne 72556 is more family-centric than the surrounding county with 34.89% of the households containing married families with children. The county average for households married with children is 28.53%.
The median household income in Melbourne, Arkansas 72556 is $39,032. The median household income for the surrounding county is $45,318 compared to the national median of $69,021. The median age of people living in Melbourne 72556 is 34.9 years.
Melbourne Weather
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 48.3 inches per year, with 7.5 inches of snow per year.