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ABSOLUTE COMMERCIAL REAL ESTATE AUCTION ~ HOT SPRINGS, AR

Date

Wednesday, Apr. 17, 2019 at 10:00 AM CST

Auction Location

121 Printers Place, Hot Springs, Arkansas 71913

Real Estate Description

ATTENTION: AUTOMOTIVE REPAIR SHOP, AUTO PAINT & BODY SHOP & 
TOWING/ RECOVERY BUSINESS OWNERS & COMMERCIAL REAL ESTATE INVESTORS!
50x100 Ft. Insulated Metal Building ~ 1,100+/- SF Office Space ~ 4-Bay Shop w/Paint Booth ~ 
1.26+/- Acres ~ Conveniently Located just off Higdon Ferry Rd., 1/2 Mile West of Central Ave. ~ 
Formerly the Hot Springs Taxi Dispatch & Repair Location ~ Live, Online Bidding Available ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION:  This 4-Bay, 50x100 Ft. Commercial Metal Building Sits on 1.26+/- Acres, in an Incredible Location, in the Center of Hot Springs just off Higdon Ferry Road between the MLK Expressway & Oaklawn Racing & Gaming Park ~ Property is Cleaned Out, Cleaned Up & Ready for a New Owner to Open for Business ~ Perfect Location & Property for an Automotive Repair Shop, Auto Paint & Body Shop, Tire Shop or Towing & Recovery Business & it's SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ This Insulated Metal Building w/Metal Roof, on a Reinforced Concrete Slab, has 12 Ft. Sidewalls & Vaulted Ceilings w/ 16 Ft. Center Height, Asphalt Parking Around the Building & a Large Compacted Gravel Lot that Could Easily be Fenced for Secure Vehicle Parking ~ Building Consists of 1,100+/- SF Heated & Cooled Office Space w/Reception Area, Offices, Breakroom, Customer Waiting Area & (2) Restrooms ~ Fluorescent Lighting ~ Camera Surveillance System ~ Office Space Could Use Fresh Paint & New Flooring ~ Nearly 4,000+/- SF Shop w/ (4) 10 Ft. Overhead Doors ~ Large Open Area Consisting of (3) Service Bays ~ Separate 4th Service/Painting Bay ~ High Bay Sodium Lighting ~ Heavy Duty Electric Service ~ Natural Gas Heat ~ Equipment & Fixtures Included in Sale ~ 15x26 Ft. Fully Functional Paint Booth ~ Radio Tower/Antenna ~ (2) 7,000 lb. & (1) 9,000 lb. Automotive Lifts ~ Industrial Air Compressor Plumbed Throughout the Shop ~ Complete Tire Breakdown, Mounting & Balancing Setup ~ Ammco Brake Lathe ~ Oil Changing Equipment ~ Shop Fan ~ Built-in Shelving ~ Storage Cabinets ~ Shop Tables ~ Office Furniture & More! ~ All City Utilities ~ REMEMBER, THIS PROPERTY IS SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

TERMS ON REAL ESTATE:  $20,000.00 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:
  Building can be Inspected Anytime ~ Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com to View this Property Today ~ Auctioneers will be On-site at 9:00 a.m. on Auction Day.

DIRECTIONS:
  From (Exit 4) on MLK Expressway in Hot Springs, Turn Left & Travel 3/4 Mi. North on Higdon Ferry Road & Turn Left onto Printers Place ~ Watch for Property & Auction Sign on the Left.

Aerial

Auction Location

Terms

TERMS AND CONDITIONS:  $20,000.00 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.

TERMS OF AUCTION