ATTENTION: REAL ESTATE INVESTORS & 1031 BUYERS!
Income-Producing 39,157+/- SF Mixed-Use Commercial & Residential Building on 1.63+/- Acres on Maumelle Blvd. ~ High Traffic Location ~ Live & Online Bidding Available!
REAL ESTATE DETAILS:
Over $20,000+ Per Month & Growing Gross Income
39,157+/- Square Foot Net Rentable Space
14,000+/- Square Feet of Steel Reinforced Balconies that Can be Enclosed
14,000+/- Square Feet Commercial Space Variance
11 Residential Condo Units ~ Two, Three, and Four Bedroom Units ~ Fully Renovated 3BR Unit
Freshly Painted Wood Siding Exterior w/Steel Framing
Ample Paved Parking w/Overflow & Direct Exit to Maumelle Blvd.
Lake View of Lake Valencia
Built in 1988
89% Occupancy, Rent Roll Available
Zoned Planned Residential District w/a Conditional Use Permit
2.5+/- Miles South of I-40 (Exit 142)
6+/- Miles from I-430
All City Utilities, Including Electricity, City Water, Natural Gas & City Sewer
Across Maumelle Blvd. from Molex, ACE Distribution & Kimberly Clark
Interior:
Floors 1 & 2 Commercial Lease Space w/Two, 2BR Condominium Units
Floors 3, 4 & 5 Residential Condominiums
Offers Made Prior to Auction Day are Welcome & Encouraged!
INSPECTION: By Appointment Only ~ Contact Agent, Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. on Auction Day.
CLOSING COMPANY: First National Title Company ~ Closing Agent: Matthew McFarlin mmcfarlin@firstnationaltitle.net ~ 415 N. McKinley St. (Suite 1200), Little Rock, Arkansas 72205 ~ (501) 221-0101 ~ Fax/ 221-2392.
REAL ESTATE TAXES FOR YEAR 2022: (Estimated) $40,450.00
TERMS: $100,000.00 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 Day are Welcome.
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