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COMMERCIAL REAL ESTATE AUCTION

Auction Description

ATTENTION: BUSINESS OWNERS, DEVELOPERS & REAL ESTATE INVESTORS!
Sitting in the Heart of Downtown Hot Springs, along the Malvern Avenue Gateway Corridor to the Visitors & Convention Center of Hot Springs, sits this 24,156+/- SF Vacant Retail Building, Ready for a New User/ Investor to take Advantage of this Excellent Corner Location. This Property is within Walking Distance of the 420 Eats Food Court, the Hot Springs Hotel, the Regions Building, the Hot Springs Convention Center, less than a Mile from the Majestic Location for the New Hot Springs Amphitheatre & 2 Miles from Oaklawn Racing Casino Resort!

 

Malvern Corridor Project Information can be Seen Here:

REAL ESTATE DETAILS:
24,156+/- Total Building Square Footage (13,398+/- SF on One Level & 10,758+/- SF on the Other Level)
14,840+/- Square Foot Lot Area
7 Parking Spaces Along Broadway Terrace, Across from the Transit Center
Street Parking Along Malvern Avenue & Church Street with Large City Parking Lots in Close Proximity
Zoned C1 (Central Business District)
70 Feet of Road Frontage on both Malvern Avenue & Broadway Terrace
210 Feet of Frontage on Church Street

Interior:
Multiple Offices & Display Areas
1 Full Bathroom & 2 Half Baths
Closed Circuit Security Television
Freight Elevator
2 Overhead Loading Doors on Lower Level
Lower Level Sprinklered
2 Kitchenettes

Offers Made Prior to Auction Day are Welcome & Encouraged!

INSPECTION:
By Appointment Only ~ Contact Broker,
Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. on Auction Day.

CLOSING COMPANY: Hot Springs Title Company ~ Closing Agent: Delania Watson ~ 534 Ouachita Avenue (Ste. 3), Hot Springs, Arkansas 71901 ~ (501) 623-4405 ~ Fax/ 623-5165.

REAL ESTATE TAXES FOR YEAR 2021: $4,926.00

TERMS: $50,000.00 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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