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HOT SPRINGS COMMERCIAL & MULTI-FAMILY ABSOLUTE LAND AUCTION

Auction Description

ATTENTION: DEVELOPERS, BUSINESS OWNERS & REAL ESTATE INVESTORS!
15+/- Acres on East Grand Avenue Ready for Development ~ Frontage on the South East Grand Service Road between Gorge Road & Chaucer Street ~ Zoned C-4 (Regional Commercial/Open Display) & RMF-4 (Medium/High Density Residential) ~ Selling On-site just West of Chaucer St. ~ Live, Online Bidding Available ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

REAL ESTATE DESCRIPTION:  This 15+/- Acre Tract has Approx. 689+/- Ft. of Frontage along the South Service Road of East Grand Ave. & Approx. 469+/- Ft. of Frontage along Chaucer St. ~ Western Border of the Property runs along Gulpha Gorge for 840+/- Ft. ~ Water Service is Available on Chaucer St. & Sewer Service is Available on Chaucer St. Approx. 200+/- Ft. South of the Property ~ This Property has High Visibility from Both Directions along East Grand ~ Current Daily Traffic Count of 6,000+/- VPD should Increase Considerably w/the Bypass’s Extension Completion to HWY 7 North ~ Accessible on the South Service Road between Gorge Creek & Millcreek Roads, Plus Chaucer Street Frontage ~ Ideal for Commercial Development & Multi-Family Uses ~  Remember, this Incredible Property is Selling Regardless of Price to the Highest Bidder on Auction Day!

AUCTIONEER’S NOTE: Do not miss this tremendous
business and investment opportunity to own an excellent development property in Hot Springs, Arkansas, and close to Magic Springs!

INSPECTION:
Inspect this Property Anytime ~ Contact Broker, Ken Bethge at 870-550-5274/
ken@wilsonauctioneers.com for Additional Information ~ Auctioneers will be On-site at 10:00 a.m. Day of Auction.


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 2020: $4,204.00

TERMS: $20,000.00 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 ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

Auction Location

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