Tuesday, Jan. 8, 2019 at 10:00 AM CST
3131 South Olive Street, Pine Bluff, Arkansas 71603
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/ ~ Doors Open & Auctioneers will be On-site at 8:00 a.m. Day of Auction.
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.
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