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CENTRAL AVENUE NO RESERVE COMMERCIAL REAL ESTATE AUCTION | HOT SPRINGS, AR

Auction Description

ATTENTION: PHARMACISTS, BUSINESS OWNERS & REAL ESTATE INVESTORS! 
4,064± Sq. Ft., Brick & Concrete Stucco Building Built in 2008 as a USA Drug Express Store ~ Located on a High-Traffic Corner Lot at a Stoplight Intersection Featuring a 2-Lane Drive-Thru, Ample Parking, Easy Access, Excellent Location & Exceptional Curb Appeal ~ SELLING ON-SITE AT NO RESERVE AUCTION WITH ONLINE BIDDING AVAILABLE!

REAL ESTATE DESCRIPTION: This Extremely Well-Maintained, 4,064± Sq. Ft. Open-Span, High-Ceiling Brick and Concrete Stucco Building is Conveniently located in South Hot Springs with 19,000± Vehicles Per Day that Drive by this Attractive and Highly Visible Building. This Prime Location has Entrances and Exits on both Central Avenue/Highway 7S and Amity Road at a Major 3-Way Stoplight Intersection, making it an Excellent Location for Many Types of Businesses & it’s SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

Property Highlights

  • Move-in Ready, Extremely Well-Maintained, 4,064± Sq. Ft. Open-Span, High-Ceiling Brick and Concrete Stucco Building, Built in 2008, on a High-Traffic Corner Lot as a USA Drug Express Store Featuring a Covered Drive-Thru Canopy, Ample Parking, Easy Access, Excellent Location and Exceptional Curb Appeal.
  • Conveniently located in South Hot Springs, less than 4 Miles South of the MLK Expressway, just South of the Lake Hamilton Bridges.
  • Along with the 19,000± Vehicles Per Day that Drive by this Attractive and Highly Visible Building, this Location has Entrances and Exits on both Central Avenue/Highway 7S and Amity Road at a Major 3-Way Stoplight Intersection, making it an Excellent Location for Many Types of Businesses.
  • New Roof Installed in 2023.
  • This Building Features an Open-Span Interior Space with 20' Sidewalls, Motion-Detecting Automatic Double-Door Entryway, Partial Hardwood and Partial Concrete Floor with Public Restrooms, and it has Formerly been a Drug Store and a Pawn and Retail Shop. 
  • Spacious 0.75± Acre Corner Lot Contains 35 Designated Parking Spaces, a Covered Drive-Thru Canopy, 2 Entrances & a Circle Drive Around the Entire Building for Easy Entrance & Exit with the help of the Stoplight Intersection.
  • Oversized Permitted Signage with 8x12 Ft. Two-Sided, Lighted Topper & Two-Sided Digital Scrolling Message Board.
  • Dusk to Dawn Security Lighting on Poles Around Parking Lot for Added Safety of Customers & Employees.
  • This Building is Currently Vacant, Not Under a Current Lease, and Ready for a New Owner and New Business to Move in and Start Producing Income Immediately.
  • Utilities Include: Electricity, City Water, City Sewer, and Natural Gas 
  • Property Shown Anytime by Appointment
  • Bidding Options: Live On-Site and Simulcast Online Bidding Available
  • Offers Made Prior to Auction Day are Welcome!

INSPECTION: Property can be Viewed by Appointment ~ 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: $5,514.09

TERMS: $75,000.00 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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