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COMMERCIAL REAL ESTATE & PERSONAL PROPERTY AUCTION ~ PINE BLUFF, AR

Date

Tuesday, Jan. 8, 2019 at 10:00 AM CST

Auction Location

3131 South Olive Street, Pine Bluff, Arkansas 71603

Real Estate Description

ATTENTION: AUTOMOBILE DEALERS, INVESTORS & MECHANICS!
41,475+/- SF Showroom/ Office/ Service Garage Building on 4+/- Acres ~ All City Utilities ~ Asphalt Parking for
100+ Cars ~ Approx. 1/2 Mile South of Jefferson Square Shopping Center ~ Plus, (2) Vacant Commercial Tracts
~ Also Selling, (15) Car Lifts, Office Furnishings & More ~ Selling On-site w/Live, Online Bidding Available!

REAL ESTATE DESCRIPTION:  Built Approx. in 1969, this Property Housed Trotter Ford for Over 45 Years ~ The Property has been Well-Maintained, Including the Installation of a New Duro-Last Roof in October 2018 ~ The Building is Divided into a Large Open Automobile Showroom, Offices, Parts Department, Service Garage & Multiple Restrooms ~ Service Garage has an Automatic Car Wash ~ (TRACT 1) Contains the 41,475+/- SF Showroom Building on 4+/- Acres w/ 290+/- Ft. Along South Olive Street & a Depth of 600+/- Ft. ~ Asphalt Parking for Over 100 Cars ~ Zoned Commercial ~ Fully Fenced ~ This Property has a Great Income Producing Potential! ~ (TRACT 2) Asphalted Site on 0.6+/- Acre just South of American Legion Drive w/ 140+/- Ft. of Frontage on South Olive Street & a Depth of 191+/- Ft. ~ Zoned Commercial ~ (TRACT 3) Wooded 1+/- Acre Site Located just North of the Building Formerly Housing Fuh Mei’s Oriental Restaurant ~ Zoned B-4 Commercial ~ Access is Via Dedicated but Unimproved Chestnut Street.

PERSONAL PROPERTY LIST: 
(15) Car Lifts
All Office Furnishings (File Cabinets, Desks, Chairs, Coffee Tables, Televisions, Commercial Shelving, Room Dividers & More; Rolling Chairs not Included) ~ Office Furnishings to be Offered in Bulk.


AUCTIONEER’S NOTE:  This property housed Trotter Ford, one of Pine Bluff’s most successful automobile dealers, for over 45 years and has been well-maintained including a new Duro-Last Roof installed in October 2018.  The traffic count is approximately 16,000 vehicles daily!  Don’t miss this tremendous investment opportunity to own a property with excellent income potential!

TERMS ON REAL ESTATE:  (TRACT 1) $30,000.00, (TRACT 2) $10,000.00, (TRACT 3) $1,000.00, All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

TERMS ON PERSONAL PROPERTY:  Cash, Check & Major Credit Cards Accepted Day of Auction ~ 10% Buyer’s Premium.

INSPECTION:  To Inspect this Property, Contact Broker, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 8:00 a.m. Day of Auction.

Aerial

Tract 1, Legal Description

Tract 2, Legal Description

Tract 3, Legal Description

Property Information Packet

DIRECTIONS:  From the Intersection of I-530 & South Olive St. (HWY 63B), Travel North on South Olive St.  for 1.7 Miles ~ Watch for Auction Signs & Property on the Right.

Auction Location

Terms

TERMS AND CONDITIONS:  (TRACT 1) $30,000.00, (TRACT 2) $10,000.00, (TRACT 3) $1,000.00, All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome!

CLOSING COMPANY:  Jefferson Title Company, LLC ~ Closing Agent: Kay Beverly ~ 715 W. 5th Avenue, Pine Bluff, Arkansas 71601 ~ (870) 540-4927 ~ Fax/ 540-1267.

REAL ESTATE TAXES FOR YEAR 2017: 

(Tract 1) $2,673.00                 (Tract 2) To be Determined                  (Tract 3) $125.00


TERMS OF AUCTION