302 N Main Streets, Melbourne, AR 72556

$399,000

bedrooms

bathrooms

square feet

5,140

Acreage

0.5

Open Houses

year built

1979

Full Baths

Half Baths

Find out more

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 out long-term (2 as rentals and 2 to businesses), 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, including a complete update to the managers quarters that now features a kitchen, a large bedroom big enough for 2 queen beds and 2 full bathrooms upstairs. 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.

Location
Subdivision	ORIGINAL TOWN - MELBOURNE
County	Izard
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 25003376

Listing agent: Benjamin Salmonsen

Listing broker: Kw Market Pro Realty Bentonville West (479) 231-1355

Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, February 17 2025 at 6:16 a.m. EST

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