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GARLAND COUNTY ABSOLUTE COMMERCIAL BUILDING AUCTION ~ HOT SPRINGS, AR

Date

Wednesday, Mar. 13, 2019 at 10:00 AM CST

Auction Location

5380 Central Avenue, Hot Springs, Arkansas 71913

Real Estate Description

ATTENTION: COMMERCIAL BUYERS & REAL ESTATE INVESTORS!
3,756+/- SF Commercial Building on Central Ave. in a Prime Location on a 0.54+/- Acre Corner 
Lot ~ 5 Levels, Built in 1979 ~ Move-in Ready, Currently Vacant ~ New Roof ~ 270+/- Ft. of 
Frontage on Central Ave. ~ 19,000 Vehicles Per Day Traffic Count ~ Living Quarters on the 
4th Floor ~ Zoned Commercial ~ Selling On-site w/Live, Online Bidding Available ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!
  

REAL ESTATE DESCRIPTION:  This 3,756+/­ SF Commercial Building w/270+/- Ft. of Frontage on Central Ave. (HWY 7) is in an Excellent Location w/Over 19,000 Vehicles Per Day Traffic Count ~ Building Consists of 5 Levels w/Multiple Offices, Restrooms, Kitchen, Living Quarters & 3 CH/A Units ~ First Floor Consists of 2 Large Offices, 1 Restroom, Kitchen w/Sink & 1 Large Closet ~ Plus, an Entry Door to Lower Level Parking Lot ~ Second Floor or Main Level Contains Tile Floors in Entryway, Open Office/Receptionist Area, 4 Offices, Ladies & Gents Restrooms in Hallway & Copier Room ~ Plus 1 Meeting Room w/Balcony Facing Lake Hamilton ~ Main Level Parking Lot ~ Third Floor Consists of 4 Offices; 1 Office w/Gas Fireplace & Balcony Facing Lake Hamilton ~ Fourth Floor is Living Quarters Consisting of a Full Kitchen w/Dishwasher, Refrigerator & Range ~ Full Bathroom w/Tub, Washer & Dryer & 2 Closets off the Bathroom ~ Fifth Floor has a Spiral Staircase Leading from the Living Quarters to a Loft Overlooking Central Avenue & Beautiful Hot Springs ~ Selling Regardless of Price on Auction Day! ~ Offers Prior to Auction are Welcome!

AUCTIONEER’S NOTE:  This property is a rare opportunity to own a unique commercial building on Central Avenue in a great location overlooking beautiful Hot Springs and Lake Hamilton.  Don’t miss this opportunity to own a prime commercial building.  The property is on the new four-lane highway, just minutes from Martin Luther King Bypass, restaurants, shopping, and much more!

TERMS ON REAL ESTATE:  $25,000.00 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

INSPECTION:  By Appointment Only ~ Contact Agent, Spencer Wilson at 501-802-5060/ spencer@wilsonauctioneers.com to View this Prime Commercial Property Today! ~ Doors Open & Auctioneers will be On-site at 9:00 a.m. Day of Auction.

DIRECTIONS:  Heading Southwest on Higdon Ferry Road, Take a Slight Right onto Central Avenue (7 South) & Travel 1.9 Miles ~ Watch for Auction Signs on the Right.

Aerial

Auction Location

Terms

TERMS AND CONDITIONS:  $25,000.00 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

CLOSING COMPANY:  Lenders Title Company ~ Closing Agent: Shanda Dunlap ~ 110 Ouachita Avenue, Hot Springs, Arkansas 71901 ~ (501) 624-2541 ~ Fax/ 623-4552.

REAL ESTATE TAXES FOR YEAR 2018:  $2,778.00

TERMS OF AUCTION