424 Highway 65 Business Highway,Clinton, AR 72031
Clinton, AR 72031
Description
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.
Details
| MLS # | 25012694 |
|---|---|
| Listing Type | For Sale |
| Style | Business, Bldg And Land |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1950 |
| Days On Site | 540 |
| Listing Provided By | Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate | Jeff Cornelius |
Features
| SQ Feet | 6,010 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.50 |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Composition, Metal |
| Foundation | Slab |
Utilities
| Utilities | Sewer-Public, Water-Public, Electric-Co-op, Gas-Natural, Community Sewer |
|---|
Taxes
| Property | 2291 |
|---|
Area Information
| State | AR |
|---|---|
| County | Van Buren |
| City | Clinton |
| Zip Code | 72031 |
| Area | CLINTON |
| Subarea | CLINTON |
| Community Name | Clinton Original |
| Listing VS Median (in Clinton Original) | |
Price: $397,462 low | high Med: $220,000 sqft: 6,010 low | high Med: 1,747 $ / sqft: $66 low | high Med: $126 On site: 540 low | high Med: 50 | |
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Learn More About This Property
| State | AR |
|---|---|
| County | Van Buren |
| City | Clinton |
| Zip Code | 72031 |
| Area | CLINTON |
| Subarea | CLINTON |
| Community Name | Clinton Original |
| Listing VS Median (in Clinton Original) | |
Price: $397,462 low | high Med: $220,000 sqft: 6,010 low | high Med: 1,747 $ / sqft: $66 low | high Med: $126 On site: 540 low | high Med: 50 | |
