424 Highway 65 Business, Clinton, AR 72031
sale
$397,462
|
Single Family Detached
Courtesy Of Goodwin & Herman Associates
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. Clinton needs rental units, and this is a good candidate for soft conversion to studio apartments.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Ranch
- Floor Covering: Carpet - Full
- Floors: 1
- Legal Description: on file
- MLSID: 25012694
- Roof Type: Composition
- Roof Type: Metal
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