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HOT SPRING COUNTY ABSOLUTE REAL ESTATE AUCTION ~ MALVERN, AR

Date

Tuesday, Jan. 8, 2019 at 2:00 PM CST

Auction Location

326 East Page Avenue, Malvern, Arkansas 72104

Real Estate Description

ATTENTION: LAWYERS, CPAS, INSURANCE AGENTS & INVESTORS!
3,116+/- SF Office Building on 1.3+/- Acres, Plus (6) Residential Lots on HWY 9 South & 5+/- Acres 
Next to Malvern Manor Apartments in the Middle of Downtown Malvern ~ Selling On-site w/Live, 
Online Bidding Available ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

AUCTION LOCATION: 326 EAST PAGE AVENUE ~ MALVERN, AR 

(TRACT 1) ~ 326 East Page Avenue:  Built Approx. in 1935, this Property Housed Young Real Estate & Insurance for Many Years ~ This 1.5 Story Brick & Frame Building Consists of 3,116+/- SF & is Divided into Multiple Offices, Restrooms, (2) Reception Areas & a Walk-in Vault ~ The Building is Centrally Heated & Cooled & has a Security System ~ This Site is Approx. 1.3+/- Acres w/Public Utilities ~ Asphalt Parking in the Rear for Approx. 15 Cars, w/an Exit onto Section Line Street ~ This Property on East Page Avenue is Across from McDonald’s & Next Door to Family Dollar.

(TRACT 2) ~ (6) Residential Lots:  Level Contiguous Building Lots in the Hollywood Subdivision on HWY 9 South ~ Lots w/Public Water, On-site Septic Systems are Required.

(TRACT 3) ~ 5+/- Commercial Acres:  Immediately North of Malvern Manor Apartments, Fronting on HWY 9 ~ This Acreage Tract is Partially Timbered & Zoned C-3 ~ Remember, All Tracts are Selling Regardless of Price on Auction Day!

AUCTIONEER’S NOTE:  This property is currently vacant and ready for occupancy.  Don’t miss this tremendous investment opportunity to own a property with excellent income potential!

TERMS ON REAL ESTATE:  (TRACT 1) $7,000.00 ~ (TRACT 2) $3,000.00 ~ (TRACT 3) $3,000.00All 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!

INSPECTION:  To Inspect this Property, Contact Broker, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 1:00 p.m. Day of Auction.

Aerial, Tract 1

Aerial, Tract 2

Plat of Residential Lots, Tract 2

Aerial, Tract 3

Legal Description

Property Information Packet


DIRECTIONS:  From the Intersection of HWY 270 & I-30, Take HWY 270 to HWY 270B ~ Turn Right onto HWY 270B & Travel towards Downtown Malvern ~ Continue Left onto E. Page Ave. ~ Watch for Auction Signs & Property on the Right.

Auction Location

Terms

TERMS AND CONDITIONS:  (TRACT 1) $7,000.00 ~ (TRACT 2) $3,000.00 ~ (TRACT 3) $3,000.00 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) $1,637.48                (Tract 2) $109.81                   (Tract 3) $66.61

SCHOOL DISTRICT:  Malvern

TERMS OF AUCTION