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ABSOLUTE RESORT MOTEL REAL ESTATE AUCTION ~ BULL SHOALS, AR

Auction Description

2.07+/- Acres will be Offered in 3 Tracts ~ (TRACT 1) Lots 9-14, is a 13 Room Resort Motel & Separate Building w/Retail Space & Living Quarters, 400+/- Ft. of Frontage on HWY 178/Central Blvd. & 130+/- Ft. Deep ~ Includes a 12 x 24 Ft. Storage Building ~ Lot 9 is the Corner Lot, 50+/- Ft. of Frontage on HWY 178/Central Blvd. & 130+/- Ft. of Frontage on Shorecrest Dr. ~ (TRACT 2) Lots 15 & 16, is Prime Commercial Development Property ~ Each Lot is 50 x 130 Ft. (100+/- Ft. of Frontage on HWY 178/Central Blvd.) ~ (TRACT 3) Lots 7 & 8, has 257.7+/- Ft. of Frontage on Shorecrest Dr. & 250+/- Ft. Deep ~ All Lots are Zoned C-2 w/City Water & Sewer, Electricity by Entergy, Cable by Suddenlink, Internet & Telephone by NATCO ~ A 500 Gallon Tank Provides Propane for the Motel & Separate Building ~ Real Estate Taxes $1,758.99.

BUSINESS DESCRIPTION:  An Operational 13 Room Resort Motel w/Separate Building for Office/Retail w/Living Quarters ~ 9 Standard, 1 Bedroom Units Rent for $62.00 Per Day & 4 Deluxe, 1 Bedroom Units w/Kitchenettes Rent for $73.00 Per Day ~ Weekly & Monthly Rates Available ~ The Separate Building is used as the Resort Office, Bait & Tackle Retail Sales, Fishing Guide Office & Living Quarters (2BR/ 1.5BA) for Owner/Operator ~ Originally Built in 1953, Owned & Operated by Current Owners Since 2004 ~ Lots of Repeat Business ~ Separate Building Could be Leased for Fishing Guide & Tackle Retail Business ~ Rooms have Window A/C Units & Space Heaters & Refrigerators ~ Separate Building has CH/A ~ Lots 7-8 Could have Potential RV Hookups, Mini Storage or Boat & RV Storage ~ Lots 15-16 have New Development Potential for Commercial use.

Property Location

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