MALVERN AVENUE COMMERCIAL REAL ESTATE AUCTION | HOT SPRINGS, AR

Auction Description

ATTENTION: BUSINESS OWNERS & COMMERCIAL REAL ESTATE INVESTORS!
15,650± Sq. Ft. Multi-Purpose Building in a High-Traffic Location Featuring Excellent Curb Appeal & Ample Parking ~ Conveniently Located on Malvern Avenue/HWY 270B ~ Only 1/4 Mile South of East Grand Avenue/HWY 70B & 1 Mile from Downtown Hot Springs

REAL ESTATE DESCRIPTION: This Extremely Well-Maintained, 15,650± Sq. Ft. Multi-Purpose 3-Level Building, in a High-Traffic Location Featuring Excellent Curb Appeal & Ample Parking, was Recently Remodeled Inside & Out, Including an All-New Retail Storefront, Metal Exterior & Roof & It could Easily be Converted into Many Different Types of Businesses.

Property Highlights

• Extremely Well-Maintained, 15,650± Sq. Ft. Multi-Purpose, 3-Level Building in a High-Traffic Location Featuring Excellent Curb Appeal & Ample Parking.
• Conveniently Located in Hot Springs on Malvern Avenue/HWY 270B, Only 1/4 Mile South of East Grand Avenue/HWY 70B & 1 Mile from Downtown Hot Springs.
• Along with the 16,000± Vehicles Per Day Driving by this Attractive & Highly Visible Building, this Property has Frontage on 4 Streets, making it an Excellent Location for Many Types of Businesses & will be Offered in 2 Individual Tracts & in its Entirety.
• Currently Operating as Hollywood Athletics & Wellness Center, this Building was Recently Remodeled Inside & Out, Including an All-New Retail Storefront, Metal Exterior & Roof. It could Easily be Converted into Many Different Types of Businesses.
• Tract 1 Consists of the 15,650± Sq. Ft. Building on a 0.35± Acre Corner Lot with 20 Designated Parking Spaces, Road Frontage on Malvern Avenue, Henry Street & Arkansas Street for Easy Access.
• Highly Visible Permitted Two-Sided Street Signage on Malvern Avenue.
• This Property is Currently Under a $7,500/ Month Triple-Net, Month-to-Month Lease, with the Tenant Paying Taxes, Insurance & Upkeep.
• Tract 2 Consists of a 0.8± Acre Corner Lot with Frontage on Malvern Avenue, Henry Street & Gould Street, Containing Over 30 Additional Parking Spaces, an Older 1,400± Sq. Ft. Building & Portable Building Currently Being Used for Storage by the Tenant of Tract 1.
• This is a Prime Tract for Commercial Development
• Utilities Include: Electricity, City Water, City Sewer & Natural Gas
• Property Shown Anytime by Appointment
• Bidding Options: Live On-Site & 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:

(TRACT 1) $8,445.62

(TRACT 2) $2,238.76

TERMS: (TRACT 1) $80,000.00 ~ (TRACT 2) $20,000.00, Each in the Form of a 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.