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DEVELOPMENT LAND AUCTION

Auction Description

ATTENTION: HOT SPRINGS DEVELOPERS, BUILDERS & HOME BUYERS!
25+/- Un-zoned Acres Containing (2) Brick Fixer-Upper Homes ~ Located just North of the Mid-America Industrial Park & National Park College ~ Excellent Development Potential ~ Offered in (4) Tracts & in Combinations


REAL ESTATE DESCRIPTION: This Newly Surveyed, Un-zoned 25+/- Acres is Outside the City Limits of Hot Springs just North of the Mid-America Industrial Park & Less than 2 Miles from National Park College Campus ~ Property Currently Contains (2) Brick Homes Both in Need of Complete Remodeling but is an Ideal Tract & Location for Many Types of Residential, Commercial, or Industrial Development Projects ~ South Boundary of the Property is the Railroad Tracks & North Boundary is Blacksnake Road ~ North Garland County City Water Line Runs All Along the Blacksnake Rd. Frontage ~ Property Will be Offered in (4) Tracts & in Combinations on Auction Day ~ (TRACT 1) 787 Blacksnake Rd. ~ 4.15+/- Acres Containing a 1,761+/- SF Single-story, 3 Bedroom/ 2 Bath Brick Home Built in 1972, w/Attached 2-Car Carport ~ Fixer-Upper Home is in Need of a New Roof & Complete Remodel ~ (TRACT 2) 6.5+/- Undeveloped Wooded Acres w/ 875+/- Ft. of Road Frontage Along Blacksnake Rd. ~ (TRACT 3) 707 Blacksnake Rd. ~ 3.18+/- Acres Containing a 1,786+/- SF Single-story, 3 Bedroom/ 2 Bath Brick Home Built in 1994, w/Attached 2-Car Garage ~ Fixer-Upper Home is in Need of a New Roof & Complete Remodel ~ (TRACT 4) 11+/- Undeveloped Wooded Acres w/Over 1,100 Ft. of Road Frontage Along Blacksnake Rd. ~ This 25+/- Acres is in an Exceptional Location & has Excellent Development Potential w/Electricity, City Water & Natural Gas to the Property! ~ Drive by & View this Property Anytime.

INSPECTION: Property can be Viewed Anytime ~ Contact Agent, Doug Westgate at 501-815-4004/
doug@wilsonauctioneers.com with Questions ~ Auctioneers will be On-site at 10:00 a.m. for Registration & Inspection on Auction Day.

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: $2,384.98

SCHOOL DISTRICT: Mountain Pine

TERMS: $15,000.00 (PER TRACT), 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 Administratrix’s Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.

Auction Location

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