Wednesday, Jul. 11, 2018 at 10:00 AM CST
24705 AR-5, Lonsdale, Arkansas 72087
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/ firstname.lastname@example.org for Additional Information ~ Auctioneers will be on Location at 9:00 a.m. Day of Auction.
Amendments to Restrictive Covenants
Property Information Packet
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