$ 401,000
424 Highway 65 Business Highway Clinton, AR 72031
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 401,000
Est. payment /mo
Active
424 Highway 65 Business Highway Clinton, AR 72031
6,010 SqFt
UPDATED:
10/08/2024 06:19 AM
Key Details
Property Type Commercial
Sub Type Business, Bldg and Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,010 sqft
Price per Sqft $66
Subdivision Clinton Original
MLS Listing ID 24007462
Style Ranch
Year Built 1950
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Property Description
This area has a high demand for longterm rental units, both weekly and monthly. So there are great business opportunities. 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. l 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.
Location
State AR
County Van Buren
Area Clinton
Interior
Heating Window Units
Flooring Wall-to-Wall Carpet
Exterior
Exterior Feature Pole Sign
Garage 11 - 25 Spaces
Garage Spaces 30.0
Utilities Available Sewer-Public, Water-Public, Electric-Co-op, Gas-Natural, Community Sewer
Roof Type Composition,Metal
Building
Lot Description Level
Foundation Slab
New Construction No
Listed by Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate • Jeff Cornelius