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Off Market
1/4

294 Highway 79
Marianna, AR 72360


HIGHLIGHTS

  • Located on approximately 1- acre lot, direct access to Highway 79.
  • - average occupancy is around 65-70%

OVERVIEW

17 Unit exterior corridor Sands Motel is the only motel in the city of Marianna and in 18 miles radius, provides no competition. This Motel is located on approximately 1- acre lot, direct access to Highway 79. - Motel includes newly painted and newly carpeted 1 bedroom, 1 bathroom Managers apartment, separate utility and laundry room - Flat screen TV, Fridge and Microwave in all rooms - Exterior of Motel is recently painted - Marianna, AR is the biggest town in Lee county and county seat - Mississippi River state park is 4.2 miles away (9 mins Drive) - brings tourists (Camping, Hiking, Fishing, Hunting) - Forrest City, AR is 20 Mins Drive - Memphis, TN is 45 mins Drive - Little Rock, AR is 1:45 Drive - Strong weekly and Daily business (ADR/ $55) - average occupancy is around 65-70% Currently 14 Units are rentable and 3 are used as storage, can be easily converted to rentable rooms with some TLC.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Sands Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

4407

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

30

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

05-01866,05-01867-01