Hoxie, AR 72433(Lawrence County)

0.8 Acres in Hoxie, AR - $149,000

THIS 13 UNIT MOTEL BUSINESS IS TURN KEY & PRICED TO SELL AT ONLY $149,900! THE LONG TIME ESTABLISHED BUSINESS HAS 2 LONG TERM TENANTS AND THE REST OF THE ROOMS ARE RENTED NIGHTLY. EACH ROOM HAS ELECTRIC HVAC UNITS FOR HEAT AND AIR, FURNITURE, BEDDING AND CABLE TV. THE MOTEL INCLUDES AN OFFICE THAT IS ATTACHED TO LIVING QUARTERS THAT CONSISTS OF 2 BEDROOMS, 2 BATHROOMS, LIVING ROOM AND KITCHEN. THERE IS ALSO A LARGE BUILDING WITH APPROXIMATELY 1,395 SQ FT THAT WAS PREVIOUSLY A RESTAURANT AND IS NOW USED FOR STORAGE. IT COULD BE CONVERTED INTO EXTRA ROOMS OR OTHER SMALL BUSINESS OR EVEN REOPENED AS A RESTAURANT. THE MOTEL IS OF BRICK CONSTRUCTION & HAD NEW ROOF SHINGLES INSTALLED IN 2006. IT IS LOCATED ON A 175X200 LOT WITH CITY UTILITIES. LOCATED JUST 20 MILES TO JONESBORO, AR AND 2 HOURS TO EITHER MEMPHIS AND LITTLE ROCK. EXCELLENT MOM AND POP BUSINESS!!