424 Highway 65 Bus - Hospitality FOR SALE


Clinton, AR 72031
$401,000 USD
501-884-4885
424 Highway 65 Bus, Clinton, AR for Sale
$401,000 USD
Hospitality - FOR SALE
1/24
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424 Highway 65 Bus
Clinton, AR 72031


HIGHLIGHTS

  • There is a need for long and short term rental property in the growing Clinton area.

OVERVIEW

This property is well located, and includes 17 rooms and a manager's suite. Also, a metal roof is being installed. 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. High long term rental demand, weekly & monthly. At current room rates, with 50% occupancy the projected gross income is $193,000 annually. With the current lack of affordable rental property in the area, this could be a prime site for remodeling to meet that need.

FOR SALE DETAILS

PRICE

$401,000 USD

PRICE/SF

$67 USD /SF

# OF ROOMS

17

PRICE/ROOM

$23,588 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cozy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C2

APN/PARCEL ID

1050-05001-0020

ASK ABOUT THIS PROPERTY

Jeff CorneliusGoodwin & Herman Branch of Arkansas Mountain RealMore Info
501-884-4885

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Jeff CorneliusGoodwin & Herman Branch of Arkansas Mountain RealMore Info
501-884-4885

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.