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GARLAND COUNTY ABSOLUTE COMMERCIAL BUILDING & LAND AUCTION

Auction Description

ATTENTION: BUSINESS OWNERS, COMMERCIAL DEVELOPERS & INVESTORS!
Versatile & Well-Maintained, 5,060+/- SF Commercial Building on 2.53+/- Acres ~ High Traffic Location 1+/- Miles South of the Main Gate (West Gate) to the Hot Springs Village ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!


REAL ESTATE DETAILS:
5,060+/- Square Foot Heated & Cooled Building
Vinyl Siding Exterior w/ 4+/- Year Old Architectural Shingle Roof
Ample Paved Parking & Circle Drive that Wraps Around Building
Extra Gravel Parking Lot for Overflow
Excellent Curb Appeal & Nicely Landscaped Property
Un-Zoned 2.53+/- Acres (Outside of City Limits)
Over an Acre Undeveloped behind the Building for Additional Parking, Expansion, or Additional Buildings
North State HWY 7 Entrance & Highway Frontage
1+/- Miles South of DeSoto Blvd. (West Gate to the Hot Springs Village)
7+/- Miles North of the Soon to be Completed Extension of the MLK Expressway to Hot Springs
All City Utilities, Including Electricity, City Water, Natural Gas & City Sewer

Interior:
2 Front Entrances, Allows Use as 1 Unit or 2 Units of 2,500+/- Sq. Ft. Each
Multi-Zoned HVAC & Commercial Hot Water Tanks
Public Restrooms & Employee/Service Restrooms
Large Open Spaces w/Few Load Bearing Walls for Ease of Remodeling to Suit Needs
Commercial Vent-a-Hood, Triple Sink & Handwashing Sink Still in Place
Retail Counter on One Side of Building
Commercial Cocktail Bar & Entertainment Stage on the Other Side

Remember, this Property is Selling Regardless of Price on Auction Day! ~ Offers Made Prior to Auction Day are Welcome & Encouraged!

INSPECTION: By Appointment Only
~ Contact Agent, Doug Westgate at 501-815-4004/
doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. 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 2021: $2,947.75


SCHOOL DISTRICT: Fountain Lake

TERMS: $25,000.00 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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