Here is a rare chance to own a historic Arkansas hotel. This business for sale located in downtown Walnut Ridge, Arkansas also includes The Venue, a banquet hall with a commercial kitchen for hosting various social events. The surrounding area consists of other restaurants, professional services, and locally owned stores that are all within walking distance of the hotel.
This historic building was originally built in 1908. After being shut down for many years, the current owners did a complete renovation to the hotel in 2015 while maintaining it old time charm. It currently operates as a 4 suite hotel above The Venue banquet hall. This hotel is currently rated 4 ½ stars on Trip Advisor and received a 2017 Trip Advisor Award for Excellence. Centrally located in Northeast Arkansas where highway 67 (Little Rock to St. Louis) and Highway 412 (Jackson, TN to Tulsa, Ok) intersect, resulting in heavy traffic near this unique historic hotel. The Amtrak station is also nearby.
The business runs on a user friendly website for reserving rooms that requires minimal time for the owners. The hotel has 4 suites available that rent between $100- $125 per night. The Venue is used for all sorts of local events such as meeting, wedding dinners, and other social events. More details will be shared after a signed Non-Disclosure Agreement is returned to listing broker.
This is a unique business opportunity to own a historic building in Lawrence County, Arkansas. This commercial building is perfect for someone looking for a small town feel while less than 30 minutes from Jonesboro, Arkansas (Population 100,000).