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Auction Description

27,500+/- SF Commercial Building ~ 1.2+/- Acres Zoned C-2 Offered in (2) Tracts ~ Excellent Location 1 Mile from Bathhouse Row & 1.5 Miles from Oaklawn Racing Casino Resort ~ Selling On-site w/Live Online Bidding Available


REAL ESTATE DETAILS: This 3-Story, 27,500+/- SF Brick & Concrete Building (Formerly the Quapaw House) Sits on 1.2+/- Total Acres Zoned C-2 in an Excellent Location in the Center of Hot Springs, Less than 1 Mile South of Bathhouse Row & 1.5 Miles North of Oaklawn Racing Casino Resort w/ 100+/- Ft. of Frontage on W. Grand Avenue w/an Average Daily Traffic Count of 13,000+/- Vehicles Per Day & has Additional Frontage on Barry Street ~ (TRACT 1) 0.6+/- Acres Consists of the Building, an Alleyway to the East & Approx. 0.3+/- Acres in an L Shape Behind the Building Partially Paved that Could be Used for Parking ~ All HVAC was Replaced in 2017 ~ Roof is in Good Condition without Any Leaks ~ The Building has Stairwells & an Elevator ~ This Building is Structurally Sound but Recently Sustained Interior Water Damage from Busted Water Pipes & is in Need of a Complete Interior Remodel (A lot of the Demolition & Removal of Water-Damaged Drywall & Materials has been Done) ~ (TRACT 2) Consists of a Prime 0.6+/- Acre Development Tract, Currently an Asphalt Parking Lot Across the Street from the Building w/ 250+/- Ft. of Barry Street Frontage ~ All City Utilities Including Electricity, City Water, Natural Gas & City Sewer ~ 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.


TERMS: (TRACT 1) $25,000.00 ~ (TRACT 2) $10,000.00, All in the Form of a 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.

Auction Location

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