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Keller’s Kove Cabin & RV Resort 141 County Road 851
4 Room Hotel Elizabeth, AR 72531 £1,683,150 (£420,788/Room)
Investment Highlights
- 4 renovated cabins w/ 13 Full Service RV sites
- Pool with party pavilion and bathhouses
- laundry, well house, propane tank, workshop, and boat storage facility
- Personal residence
- 8-slip boat dock with floating swim deck
- Store/Office
Executive Summary
Sellers have a list of items (personal property) that they do not intend to convey with property. Sellers will entertain separate offer for these items to be negotiated and mutually agreed upon in writing along with a bill of sale at closing.
Business will be sold as well including all services/subscriptions available to Buyer. Please see attached list of items that Sellers do not intend to convey with sale of business/real estate.
Property Facts
| Price | £1,683,150 | Lot Size | 10.01 AC |
| Price Per Room | £420,788 | Building Size | 10,533 SF |
| Sale Type | Investment | No. Rooms | 4 |
| Sale Conditions | Business Value Included | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1955/2023 |
| Property Subtype | Hotel | Parking Ratio | 4.94/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | £1,683,150 |
| Price Per Room | £420,788 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 10.01 AC |
| Building Size | 10,533 SF |
| No. Rooms | 4 |
| Number of Floors | 1 |
| Year Built/Renovated | 1955/2023 |
| Parking Ratio | 4.94/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- On-Site Retail
- High Speed Internet Access
- Patio
- Marina
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 141 County Road 851 , Elizabeth, AR 72531
ERA Doty Commercial is pleased to present this rare opportunity to purchase one of the premier resorts on Lake Norfork and North Central Arkansas. Kellers Cove Resort located in Elizabeth, AR has been around for decades with a rich tradition and has been completely renovated. It is now available as a turn-key resort beginning a new chapter in its 70+ year history. This property is being offered to qualified Buyers at $2,100,000. Kellers Cove Resort is located on 10+ wooded acres overlooking beautiful Lake Norfork featuring new amenities, renovated cabins and new features providing a new owner the ability to step in and immediately build on its legacy. The property features 4 renovated cabins with full kitchens, a private 8-slip boat dock, oversized, updated swimming pool with a new bathhouse and attached guest pavilion/outdoor kitchen. The RV park has been expanded to 13 sites featuring 9 NEW spaces with adjacent land for more spaces. In addition, the owners have added a NEW laundry facility and updated well house, NEW camp store, beautiful NEW owner-occupied residence completed in 2023. Also, the owners are building a NEW on-site covered boat storage area with multiple units which are already booked full. The residence can be used as an owner residence or can be an excellent source of additional income as a lodge rental unit. As part of the turn-key offering, all FF&E as well as all supplies will be included in the sale with the exception of personal items/tools the owner wants to keep. The park has also updated all phases of the resort infrastructure including (2) 1,200 Gallon septic systems, 5G internet, RV Sites with Full Hook-Up, boat trailer storage, greenhouse and a work/repair shop. Rental Units and Amenities: Cabin 1 (Fish)- 672 Sq ft Cabin 2 (Duck)- 384 Sq ft Cabin 8 (Bear)- 1,976 Sq ft Cabin 7(Moose)- 1,216 Sq ft Other Amenities/Improvements Owners Residence- 2,904 Sq ft Camp Store- 540 Sq ft Boat dock- 8 slips and 7-year lease remaining with Corp of Engineers RV spaces- 13 Well House Boat Storage Shop Pool/Cabana/Bath house Propane Tank for selling propane The current owners will provide mutually agreed upon assistance needed to assure a smooth transition for any potential buyers. Sellers will require a Post-Closing possession period for the residence.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | £197.17 | - |
PROPERTY TAXES
| Parcel Number | 001-00462-000 | Improvements Assessment | £110,711 |
| Land Assessment | £14,082 | Total Assessment | £124,794 |
PROPERTY TAXES
zoning
| Zoning Code | CI (Located within Baxter County Arkansas. Unincorporated area) |
| CI (Located within Baxter County Arkansas. Unincorporated area) |
Presented by
Keller’s Kove Cabin & RV Resort | 141 County Road 851
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