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Auction Description


6+/- Newly Surveyed Acres Mostly Cleared w/ 394+/- Ft. of US HWY 270 Frontage Containing a 5,700+/- SF Metal Shop Building w/ 4 Overhead Doors, Office Space & 3 Bathrooms ~ Located 1.7 Miles North of I-30 (Exit 98B) ~ Selling On-site w/Live, Online Bidding Available


REAL ESTATE DESCRIPTION:  Conveniently Located Less than 2 Miles North of Interstate 30 (Exit 98B) in Malvern, Along Heavily Traveled US HWY 270, this 5.97+/- Acre Newly Surveyed Tract has 394+/- Ft. of HWY Frontage w/an Average Daily Traffic Count of 13,000+/- VPD ~ The Highway Frontage has 6 Ft. Chain Link Fencing & a 3-Row Barbed Wire Topper w/ 2 Gated Entrances ~ Formerly “Beason Tire,” the Property Contains a 5,700+/- SF Metal Building ~ Section One of the Building is 50x60 Ft. w/ 16 Ft. Sidewalls, Two 12x14 Ft. Overhead Doors & Additional Exterior Doors ~ This Section Contains a Large Open 2-Bay Shop Area, Business Office & Customer Waiting Room w/Window AC Units, Bathroom w/Shower, 1/2 Bathroom & Laundry Closet ~ Section Two of the Building is 44x60 Ft. w/ 12 Ft. Sidewalls, Two 12x10 Ft. Overhead Doors & Additional Exterior Doors ~ This Section Contains a Large Open 2-Bay Shop Area, Office, Storage Room & 1/2 Bathroom ~ Building has been Well Maintained & is in Good Overall Condition w/a Roof that Does Not Leak, Heavy-Duty Electric Service & Plumbed for an Air Compressor ~ This Shop & Land Would Make an Excellent Location for Many Types of Businesses w/ 6+/- Cleared Acres for Additional Buildings & Equipment, Vehicle, or Inventory Storage ~ Additional Improvements Include 70,000-Pound Drive on Scales that Need Calibrating & an RV Hookup w/Water & Electricity (RV Currently on Property Does Not Convey) ~ Utilities Include City Water, Electricity, Natural Gas & Septic System ~ A Current Deed Restriction Stops this Property from being Used as a Scrap Yard or an Auto Salvage Business Until January 30, 2029 ~ Offers Made Prior to Auction Day are Welcome & Encouraged!


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 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.


REAL ESTATE TAXES FOR YEAR 2022:  To be determined


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

Auction Location

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