7130 Clinton Highway
Powell, TN 37849

Motel:

22 Guest Rooms - 13 Single Rooms ($165 per week)
9 Double Rooms ($175 per week)

4 of the Units are Efficiency Apartments ($185 per week)

Owners Apartment - 2 Bedroom / 1 Bath - Rents for
$190 per week

Approx. 600 ft. of road frontage on Clinton Highway

Roof is approximately 10 years old

RV Campground:

25 Camp Sites

Block Bath House with Storage

Mobile Home Sites:

16 Mobile Home Sites that are presently rented for
$150 per month 

Car Wash:

4 bay Car Wash

Laundry Mat - Approximately 1,890 square feet

Zoning: CA - General Business Zone

Taxes:  Current Approximate County Real Estate Taxes - $8,237.00
              2006 - $9,101.89
              2005 - $12,281.62
              2004 - $12,029.39

**Buyer shall be responsible for current and all delinquent back
taxes plus penalties and interest in the approximate amount of $41,649.90.

Available Utilities: Electric/Water/Sewer

Directions: From I-640 take exit 3B/Clinton onto Clinton Highway.
Travel North for approximately 4.9 miles to Clark Motel on right just past Beaver Creek Road.

Terms: 10% Buyers Premium - Successful bidders will deposit 10% of the purchase price (including Buyers Premium) and is due today in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.  CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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