Ranch
424 Highway 65 Business Highway
Clinton , AR 72031
MLS#: 25012694
$399,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
6,010
GREERS FERRY LAKE has 30,000 acres of water surface and attracts 7 million visitors a year. This property is 15 minutes from the Choctaw boat ramp. A visionary owner can add various income streams to the business. The location is central and in historic downtown Clinton. The opportunities are endless for those with a growth mindset and ambition. Buying an existing motel business always makes more sense than starting one from scratch, regardless of the economy. With the right experience, financial resources, and marketing strategy in place, you'll be counting dollar signs instead of sheep. 17 rooms (9 with 2 beds) (6 with 1 bed) (2 two room suites) 1 bedroom, living room, bathroom & kitchen, suitable for Owner/Manager. There are 18 parking spaces. Most of the 2 bed units are 20' x 14'. The 1 bed units are 16' x 10'. One unit with 2 beds is 16 x 16. 2 units with 2 beds are approximately 14' x 12'. At current room rates with 50% occupancy, the projected gross income is over $190,000. There are 18 parking spaces, and additional space for trailers. The current need for long term rental property in the area could make this a good location to convert to residential units.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.5
-
Property Type
Commercial Sale
-
Property Sub Type
Business
-
Architectural Style
Ranch
Price
-
Sales Price
$399,000
-
Tax Amount
2291.72
-
Sq. Footage
6, 010
-
Price/SqFt
$66
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Sewer
Public Sewer
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Location
County
Van Buren
Elementary School
Middle School
High School
Listing Courtesy of Jeff Cornelius , Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate
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