424 Highway 65 Business, Clinton, AR 72031

  • $401,000
  • $401,000
424 Highway 65 Business, Clinton, AR 72031
  • Commercial / Industrial
  • Property Type
  • 6010
  • Sqft
  • 1950
  • Year Built
For Sale

424 Highway 65 Business, Clinton, AR 72031

424 Highway 65 Business, Clinton, AR 72031
  • $401,000
  • $401,000

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.

Details

Updated on October 8, 2024 at 4:39 am
  • Property ID: hz-8193051
  • Price: $401,000
  • Property Size: 6010 Sqft
  • Land Area: 0.5 Acre
  • Year Built: 1950
  • Property Type: Commercial / Industrial
  • Property Status: For Sale
  • MLS#: 24007462
  • Office Name: GOODWIN & HERMAN ASSOCIATES BRANCH OF ARKANSAS MOUNTAIN REAL ESTATE
  • Agent Name: Jeff Cornelius
  • MLS Status: Active

Additional details

  • List Agent MLSID: 24774
  • List Office MLSID: 681
  • Listing Date: 2024-03-06
  • # Half Baths: half_bathroom
  • Annual Taxes: 2291.72
  • Tax Year: 2023
  • Approx Lot Size: .5 acre
  • Subdivision: Clinton Original
  • Possession: Negotiable
  • Parking: 11 - 25 Spaces
  • Floors: Wall-to-Wall Carpet
  • List Price/Square Foot: 66.72
  • New Construction?: No
  • Exterior Features: Brick
  • Foundation: Slab
  • Roof: Composition,Metal
  • Showing Instructions: Call Listing Office,By Appointment Only,Occupied
  • Utilities: Sewer-Public,Water-Public,Electric-Co-op,Gas-Natural,Community Sewer
  • Style: Ranch
  • Internet Publication: 1. Yes
  • Green Home Certified: NO
  • Office Identifier: 681
  • Road Surface: Paved
  • Lot: Level
  • Lease Type: None
  • Address 424 Highway 65 Business
  • City Clinton
  • State/county AR
  • Zip/Postal Code 72031
  • Area CLINTON
  • Country United States

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