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DOWNTOWN HOT SPRINGS COMMERCIAL REAL ESTATE AUCTION | HOT SPRINGS, AR

Auction Description

ATTENTION: DOWNTOWN HOT SPRINGS BUYERS & COMMERCIAL INVESTORS!
Unit 1 of the 802 Central Avenue HPR is a 2,070± Sq. Ft., Bottom Floor Space of an Extremely Well-Maintained, Historic 3-Story Building, Featuring an Excellent Location & Exceptional Curb Appeal ~ 15,000± Vehicles Per Day & Tons of Foot Traffic Right Across from Bridge Street

On Friday, July 31st, at 11:00 A.M., Wilson Auctioneers will sell this Incredible Industrial Chic Unit Featuring an Open Span, Modern Interior Space with 13' Ceilings and Stained Concrete Floor, within Easy Walking Distance from the Convention Center, Bathhouse Row, and the Exchange Street Parking Plaza, and Only 1.5 Miles from Oaklawn Racing and Gaming Casino Resort.

The Current Lease with The Humidor Premier Cigar Lounge & Bar is set to Expire Soon, giving the New Owner the Option to Utilize the Space themselves or Negotiate a New Lease with a New Tenant ~ Offers Made Prior to Auction Day are Welcome & Encouraged!

Property Highlights

  • Unit 1 of the 802 Central Avenue HPR is a 2,070± Sq. Ft., Bottom Floor Space (Walk-in, Street Level) of an Extremely Well-Maintained, Historic 3-Story Building, Featuring an Excellent Location & Exceptional Curb Appeal.
  • Located in One of the Best & Most Active Tourist Locations in Downtown Hot Springs, Directly Across Central Avenue from Storied Spencer's Corner & Bridge Street, Home to Bridge Street Live & Annual Parades.
  • Along with the 15,000± Vehicles Per Day that Drive by this Highly Visible Building, this Location has a Very High Volume of Foot Traffic, making it an Excellent Location for Many Types of Businesses.
  • This Building Features an Open Span, Modern, Industrial Interior Space with 13' Ceilings, Stained Concrete Floor, Brick Wall on One Side, Painted Drywall on the Opposite Wall with Black Painted Ceiling & Exposed Ductwork.
  • Attractive Retail Store Front is Basically a Wall of Windows Trimmed Out in Black with a Unique Glass Panel Overhead Door that lets in Fresh Air & Creates a Cool, Inviting Atmosphere.
  • Current Lease with The Humidor Premier Cigar Lounge & Bar is set to Expire Soon, giving the New Owner the Option to Utilize the Space themselves or Negotiate a New Lease with a New Tenant.
  • Building Contains an L-Shaped Service Bar, (2) Remodeled Public Restrooms, an Office/Storage Room & a Large Storage Closet.
  • Easy Walking Distance from the Convention Center, Bath House Row & the Exchange Street Parking Plaza & Only 1.5 miles from Oaklawn Racing & Gaming Casino Resort.
  • Parking is Plentiful, with a Metered Public Parking Lot Only Steps from the Front Door and Street Parking Along Central Avenue.
  • Utilities Include Electricity, City Water, City Sewer & Natural Gas.
  • Property Shown Anytime by Appointment.

Auction Details

  • Auction Date & Time: Friday, July 31st at 11:00 AM
  • Location: 802 Central Avenue, Unit 1, Hot Springs, AR 71901
  • Bidding Options: Live On-Site & Simulcast Online Bidding Available
  • Offers Made Prior to Auction Day are Welcome!

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

CLOSING COMPANY: Pro Land Title Company ~ Closing Agent: Shanda Dunlap (sdunlap@prolandtitle.com) ~ 401 Section Line Road, Suite F, Hot Springs, Arkansas 71901 ~ (501) 762-0159 ~ Fax/ 760-0557.

REAL ESTATE TAXES FOR YEAR 2025: 3,734.00

TERMS: $50,000.00 Cashier’s Check made Payable to 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Auction/ Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.

Auction Location

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Auction Agent

Doug Westgate

p 501-815-4004

e doug@wilsonauctioneers.com

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