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COMMERCIAL DEVELOPMENT LAND AUCTION ~ LONSDALE, AR

Date

Wednesday, Jul. 11, 2018 at 10:00 AM CST

Auction Location

24705 AR-5, Lonsdale, Arkansas 72087

Real Estate Description

ATTENTION: COMMERCIAL REAL ESTATE DEVELOPERS & INVESTORS! 
2.83+/- Commercial Acres w/ 430+/- Ft. of HWY 5 Frontage ~ At the HWY 5/ DeSoto Blvd. East
Entrance into Hot Springs Village ~ City Utilities, Level, Cleared & Ready to be Developed ~ 
OFFERED IN TRACTS & ITS ENTIRETY ~ LIVE, ONLINE BIDDING AVAILABLE!


DIRECTIONS:  Property is Located at the East Entrance of Hot Springs Village, Directly Across from DeSoto Blvd., Adjoining Bank of the Ozarks on HWY 5 ~ Watch for Auction Location on the South Side of HWY 5.

REAL ESTATE DESCRIPTION:  Eastgate Plaza Phase 1, Lots 6 & 7, Consisting of 2.83+/- Level Acres, Located on HWY 5 at the East Entrance into Hot Springs Village (NOT IN THE VILLAGE) ~ With a Daily Traffic Count of 3,200 Cars Per Day, this Commercial Location would be Suitable for Many Commercial Uses Including a Bank, Convenience Store, Strip Center or Restaurant ~ (LOT 6) 1.7+/- Acre Corner Lot w/ 260+/- Ft. of HWY 5 Frontage & 235+/- Ft. of DeSoto Blvd. Frontage ~ Directly East of Bank of the Ozarks ~ (LOT 7) 1.13+/- Acre Commercial Lot w/ 170+/- Ft. of HWY 5 Frontage.

TERMS ON REAL ESTATE:  (LOT 6) $10,000.00 ~ (LOT 7) $5,000.00 Both in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Special Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

INSPECTION:  Inspect this Property Anytime or Contact Agent, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com for Additional Information ~ Auctioneers will be on Location at 9:00 a.m. Day of Auction.

Aerial

Plat


Legal Description

Amendments to Restrictive Covenants


Property Information Packet

Auction Location

Terms

TERMS AND CONDITIONS:  (LOT 6) $10,000.00 ~ (LOT 7) $5,000.00 Both in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Special Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

CLOSING COMPANY:  Lenders Title Company ~ Closing Agent: Lorna Holladay ~ 1501 N. University Avenue (Ste. 100), Little Rock, Arkansas 72212 ~ (501) 537-4107.

REAL ESTATE TAXES FOR YEAR 2017:  (LOT 6) $1,518.00         (LOT 7) $1,010.70

TERMS OF AUCTION