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GARLAND COUNTY ABSOLUTE COMMERCIAL BUILDING & LAND AUCTION

Auction Description

ATTENTION: HOT SPRINGS AREA BUSINESS OWNERS & REAL ESTATE INVESTORS!
Well-Maintained 50x100 Ft. Commercial Building, Built in 1970, w/ 14 Ft. Sidewalls (Formerly Terminix) ~ Conveniently Located 3+/- Miles from Downtown Hot Springs & 2+/- Miles from MLK Expressway ~ Live & Online Bidding Available ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

REAL ESTATE DESCRIPTION: This Extremely Well-Maintained 50x100 Ft. Commercial Building, Built in 1970, w/ 14 Ft. Sidewalls (Formerly Terminix) is Conveniently Located Less than 3 Miles from Downtown Hot Springs & 2 Miles from the East End of MLK Expressway & it’s SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ The Building has an Attractive Crushed Rock Coated Concrete Block Exterior w/Wood Siding & Windows Across the Storefront, All on a Reinforced Concrete Slab ~ 2 Year Old Roof ~ (2) Overhead Doors ~ Steel Frame Glass Doors on the Front & Side ~ Fully Insulated & Wired for Heavy-Duty Electric & WiFi & Plumbed ~ Building is Currently Configured w/a Drop Ceiling & Partition Walls as 12 Offices, Meeting Rooms, Kitchen/Breakroom, (2) Restrooms & a Large Storage Room that Could All Easily be Updated, Removed to Use as an Open Span Building or Reconfigured to Fit Many Different Uses ~ Chain-Link Fenced Area w/a Back Deck Behind the Building ~ Ample Asphalt Parking Area Around Building ~ This 4.33+/- Acre, Commercial Zoned C-4 Property has Excellent Visibility & 600+/- Ft. of Frontage Along HWY 70B w/an Average Daily Traffic Count of 6,800+/- VPD & will be Offered in (2) Tracts & in its Entirety ~ (TRACT 1) Building on 1+/- Acre ~ (TRACT 2) 3.33+/- Adjoining, Mostly Cleared Acres ~ City Utilities Include Electricity, Water, Sewer & Gas ~ This Building Would make an Excellent Location for Many Different Types of Businesses & the Additional 3.33+/- Acres Would be Ideal for a New Business Location, a Metal Storage Building, or Additional Parking ~ Offers Made Prior to Auction Day are Welcome! ~ REMEMBER, IT’S SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

INSPECTION:
Property Can be Shown Anytime by Appointment
~ Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Auctioneers will be On-site at 10:00 a.m. on Auction Day.

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

REAL ESTATE TAXES FOR YEAR 2019:
(TRACT 1) $1,829.10
(TRACT 2) $1,155.53


TERMS ON REAL ESTATE: (TRACT 1) $20,000.00 ~ (TRACT 2) $5,000.00, All in the Form of a 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 Prior to Auction are Welcome!

Auction Location

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