Wednesday, Nov. 28, 2018 at 10:00 AM CST
Dell Drive, Bryant, Arkansas 72022
ATTENTION: COMMERCIAL REAL ESTATE DEVELOPERS & INVESTORS!
Lender Ordered Absolute Auction ~ Choice, Lowe’s Development Outparcels ~ 11.10+/- Total Acres ~
Offered in (2) Tracts & in Combination ~ City Utilities ~ Excellent High Traffic Location ~
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!
REAL ESTATE DESCRIPTION: (2) Development Outparcels in the Lowe’s Shopping Center ~ Prime Development Land just South of Interstate 30 at Reynolds Road Exit ~ Property Adjoins Southern Boundary of Lowe’s Home Improvement Store ~ Total of 11.10+/- Prime Commercial Acres to be Offered in (2) Surveyed Tracts & in the Entirety ~ Uses are Subject to Protective Covenants, Easements & Restrictions ~ Utilities Available Include Electric, Water, Gas, Sewer, Telephone & Cable ~ A High Traffic Area w/an Excellent Mix of Nationally Brand Retail Stores, Restaurants & Hotels ~ Along w/a Good Mix of Established Local Businesses & Financial Services ~ This is a Lender Ordered Sale & Your Opportunity to Own Choice Commercial Land in One of the Fastest Growing Communities in Arkansas! ~ Property Will be Sold Regardless of Price to the Highest Bidder! ~ (TRACT 1) 7.24+/- Acres ~ 315,374+/- SF, Including Dell Drive Entry Street from Reynolds Road ~ Zoned C-2 Highway Commercial ~ Rectangular Tract w/Two “Pad Ready” Sites & Through Streets Connecting to Lowe’s ~ Parking Easements Granted ~ (TRACT 2) 3.86+/- Acres ~ 168,142+/- SF ~ Zoned R-X Residential Mixed Use ~ Property Currently being Tax Assessed for Commercial Purposes ~ Frontage Along Dell Drive & Ridgecrest Road ~ Remember, this Commercial Real Estate is Selling Regardless of Price to the Highest Bidder on Auction Day!
TERMS ON REAL ESTATE: $25,000.00 (PER TRACT), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Title Insurance with Warranty Deed Provided at Closing ~ Closing within 30 Days ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome!
INSPECTION: Drive by Anytime or Contact Broker, Gladys Webb at 501-766-0605/ for More Information ~ Registration begins at 9:00 a.m. Day of Auction.
Aerial, Tracts 1 and 2
Aerial, Tract 1
Aerial, Tract 2
Covenants, Conditions and Restrictions
Exceptions A, per Title Commitment
Exceptions B, per Title Commitment
Property Information Packet
DIRECTIONS: At Bryant, from I-30 take (Exit 123) & Turn South onto N. Reynolds Rd., then Turn Left onto Dell Dr. (between McDonald’s & Wendy’s) in Front of Lowe’s Shopping Center ~ Watch for Auction Signs.
TERMS AND CONDITIONS: $25,000.00 (PER TRACT), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Title Insurance with Warranty Deed Provided at Closing ~ Closing within 30 Days ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome!
CLOSING COMPANY: Lenders Title Company ~ Closing Agent: Stacey Westpheling ~ 3300 Commonwealth Drive (Suite 200), Bryant, Arkansas 72022 ~ (501) 847-1129 ~ Fax/ 847-3655.
REAL ESTATE TAXES FOR YEAR 2017: (TRACT 1) $21,169.08 (TRACT 2) $5,299.22
TERMS OF AUCTION