Auction Description

ATTENTION: BUSINESS OWNERS, COMMERCIAL DEVELOPERS & INVESTORS!
5.29+/- Total AC w/ 675+/- Ft. of Frontage Along Colonel Glenn Road in Little Rock Containing a Former Auto Repair Shop, Wrecker Service & Detail Shop w/Room for New Development ~ 1.5 Miles East of I-430 (Exit 4) ~ Offered in (2) Tracts & the Entirety ~ Selling On-site w/Live, Online Bidding Available ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION: This Prime Commercial Property is at the 3-Way Traffic Light Stop Intersection of Old Stagecoach Rd. & Colonel Glenn Rd. w/an Average Daily Traffic Count of 21,000+/- VPD ~ This 5.3+/- Acres will be Offered in (2) Tracts & its Entirety & it’s All Selling Regardless of Price to the Highest Bidder on Auction Day! ~ TRACT 1 DESCRIPTION: 3.7+/- Acres w/ 445+/- Ft. of Colonel Glenn Rd. Frontage, Consisting of 2.2+/- Acres Zoned C-4 & 1.5+/- Acres Currently Zoned Residential ~ Tract 1 Contains (9215 Colonel Glenn Rd.), a 1,032+/- SF, Concrete Block Building Containing (2) Wash Bays w/Overhead Doors, Office Space & Asphalt Parking Area; Currently Rented Month-to-Month as ‘Suds N Bubbles’ Auto Wash & Detail ~ Also Contains (9213 Colonel Glenn Rd.), a 1,340+/- SF, Metal Building w/Metal Roof, 16 Ft. Sidewalls, (2) Service Bays w/Hydraulic Vehicle Lifts, Large Open Drive Thru Bay Across the Back of the Building, (4) Overhead Doors, Office Space, Restroom, Parts Room & Gas Shop Heater w/Asphalt Parking, Light Pole Security Lighting & Lighted, Raised Street Signage (Formerly Jenkins Automotive & Mitchell Motors) ~ Approx. an Acre has been Cleared behind the Buildings for Future Development, Equipment Storage, or Additional Parking ~ TRACT 2 DESCRIPTION: 1.58+/- Acres w/ 225+/- Ft. of Colonel Glenn Rd. Frontage, Zoned C-4 w/a Small Portion Zoned C-3 ~ Tract 2 Contains (9119 Colonel Glenn Rd.), a 1,680+/- SF, Brick Building w/Corrugated Metal Roof, Security Barred Windows, Security Chain Link Fencing w/ 3-Strand Barbed Wire Topper Around Approx. 1/2 Acre of Asphalt Parking & Vehicle Storage Area, Light Pole Security Lighting & Lighted, Raised Street Signage (Formerly a Wrecker & Towing Service) ~ Remember, it’s Selling Regardless of Price on Auction Day! ~ Offers Made Prior to Auction Day are Welcome! ~ Drive by Anytime to View this Property!

INSPECTION: Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com with Questions Regarding this Property or to View the inside of the Buildings ~ Auctioneers will be On-site at 1:00 p.m. Day of Auction.

CLOSING COMPANY: American Abstract & Title Company ~ Closing Agent: Andrew Adkins ~ 12814 Cantrell Road, Little Rock, Arkansas 72223 ~ (501) 227-8602 ~ Fax/ 227-9160.

REAL ESTATE TAXES FOR YEAR 2019:
(TRACT 1) $2,367.40 (total)
(TRACT 2) $2,174.90 (total)

TERMS: $15,000.00 (PER TRACT) Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. 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 Made Prior to Auction Day are Encouraged & Welcome.