fbpx
← View All Upcoming Auctions

FORMER ARVEST BANK ABSOLUTE REAL ESTATE AUCTION

Auction Description

ATTENTION: RETAILERS, RESTAURANTERS, FINANCIAL INSTITUTIONS & REAL ESTATE INVESTORS!
Former Arvest Bank Branch w/ 2,954+/- SF, Masonry Building on 150+/- x 300+/- Ft. Site in a High Demand Area on Albert Pike Road ~ Close to Bank OZK, Simmons Bank, Southern Bancorp, Walmart Supercenter, Walgreens, Trader Bill’s Outdoor Sports, O’Reilly Auto Parts, Sonic, Popeyes, Arby’s, Wendy’s & New Starbucks ~ Live, Online Bidding Available ~
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!


PROPERTY FACTS:
2,954+/- Total Building Square Footage
1.033+/- Acre (44,997+/- SF) Corner Lot with 140+/- Feet of Frontage on Albert Pike Road and 300+/- Feet of Frontage on Pringle Street
19,000 Vehicles Per Day per ARDOT
2 Large Paved Parking Areas with Room for More Parking
Zoned C2: General Business District

REAL ESTATE DESCRIPTION: This 1-Story Masonry Building is the Former Site of an Arvest Bank Branch & Contains 2,954+/- SF, Plus a 5-Lane Drive-thru Canopy Consisting of 2,318+/- SF under Roof ~ Division of Space Includes a Lobby Area, 2 Private Offices, Walk-in Vault (w/ 300+/- Safety Deposit Boxes), 2 Restrooms & Kitchenette ~ The Building is Centrally Heated & Cooled, has a Vaulted Ceiling, Floor Covering is a Combination of Brick & Carpet & it was Built in Approx. 1974 ~ The Site is 150+/- x 300+/- Ft. & Exhibits 27 Paved Parking Spaces ~ Utility of the Site is Very Good w/Frontage not Only on Albert Pike Road but Also Along Pringle Street to the East & Along Terry Lane to the North ~ Zoning is C-2 (General Business District) ~ Average Daily Traffic Count of 19,000+/- VPD per ARDOT ~ Permitted uses in this District Include Retail Sales, Offices, Financial Institutions, Theaters, Home Furnishings, Galleries & Medical & Dental Offices ~ Remember, it’s Selling Regardless of Price to the Highest Bidder!


INSPECTION: Property can be Inspected Anytime ~ Contact Broker, Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com with Any Questions ~ Auctioneers will be On-site & Registration begins 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 2021: $7,876.86

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 Trustee's Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

Auction Location

← View All Upcoming Auctions

Download the Wilson Auctioneers

Mobile Bidding App

The app allows you to (1) stay informed about our upcoming auctions; (2) view properties that interest you; (3) get notifications when you’ve been outbid; (4) bid no matter where you are located. This is the go-to-source for up-to-the-minute information on all of our auction listings.