Courtesy: Keller Williams Market Pro Realty Bentonville West
Salmonsen Group Realtors
479-330-1250
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.
Melbourne is located in Arkansas. Melbourne, Arkansas has a population of 1,992. Melbourne is more family-centric than the surrounding county with 44.84% 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 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 is 34.9 years.
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.
