ATTENTION: REAL ESTATE DEVELOPERS, HOME BUILDERS & INVESTORS!
34+/- AC in the Heart of Hot Springs, Adjoining New Courtyard by Marriott & Holiday Inn Express ~
All City Utilities ~ Files Road Frontage ~ 0.2 Miles West of Central Avenue & 0.5 Miles from the
MLK Expressway ~ Near Restaurants, Shopping Centers & Hospital ~ Zoned R-2 & C-4!
PROPERTY LOCATION: FILES ROAD, HOT SPRINGS, AR 71913
AUCTION LOCATION: STAYBRIDGE SUITES, 103 LOOKOUT CIR., HOT SPRINGS, AR
DIRECTIONS: From MLK Expressway, take Exit 5 & head South on Central Ave. (HWY 7) for 0.5 Mi., Turn Right onto Garrison Rd. (before Taco Bell/ KFC) Travel 0.1 Mi., Turn Either Direction on Files Road ~ Watch for Auction Signs & Property on the West of Files Road.
REAL ESTATE DESCRIPTION: This Tract of Land has Incredible Potential, 34+/- Newly Surveyed Acres has 170+/- Ft. of Files Road Frontage North of Somerset Apartments & an Additional 250+/- Ft. of Files Road Frontage South of U Store It Self-Storages; the Tract also has Deeded Access from Baron Place & Elice Circle ~ This Tract Lies Directly West of the New Courtyard by Marriott Hotel, Holiday Inn Express Hotel & is within 1 Mile of Walmart Supercenter, Olive Garden, Buffalo Wild Wings, Starbucks, Retail Strip Centers, Banks & Hospitals & Only 2 Miles from Oaklawn Racing & Gaming ~ All City Utilities Including Water, Electric, Sewer & Natural Gas Available ~ Currently Zoned R-2 (Suburban Residential) & C-4 (Regional Commercial/Open Display District) According to the City Zoning Maps ~ This Property is Prime for Residential or Commercial Development ~ Offered in (3) Tracts & its Entirety on Auction Day!
(TRACT 1) 12+/- Acres Zoned R-2 with 186+/- Ft. of Files Road Frontage ~ Tract Lying North of Somerset Apartments ~ With Additional Access from Baron Place.
(TRACT 2) 11+/- Acres Zoned R-2 with Access & Frontage from Elise Circle ~ Tract Lying West of Somerset Apartments & U Store It.
(TRACT 3) 11+/- Acres with 8+/- Acres Lying South of Power Line Easement Zoned C-4 & the Additional 3+/- Acres Zoned R-2 with 268+/- Ft. of Files Road Frontage.
AUCTIONEER’S NOTE: For over 50 years the same family has owned this property, but now is your opportunity to own one of the largest undeveloped tracts in Hot Springs, close to everything on Central Avenue, and Oaklawn Racing and Gaming. Don’t miss this tremendous investment opportunity to own an excellent, ready to go development property!
TERMS ON REAL ESTATE: $25,000.00 (PER TRACT) 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: Inspect this Property Anytime or Contact Broker, David Brewer at 501-760-8510/ david@wilsonauctioneers.com for Additional Information ~ Auctioneers will be at the Staybridge Suites at 11:00 a.m. Day of Auction.
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