ATTENTION: COMMERCIAL BUSINESS OWNERS & REAL ESTATE INVESTORS!
2,800+/- SF Partially Remodeled Motor Lodge & Outbuilding on 1.63+/- Acres on HWY 63 in Hardy, Arkansas!
REAL ESTATE DESCRIPTION: Unique Opportunity to Purchase a Property w/Income-Potential! ~ This Property is the Former Frontier Motor Lodge in Hardy, Arkansas ~ The Lodge Offers 7 Units (6 Singles & 1 Double Unit, Full Managers Living Quarters, Common Area, as well as a Detached Unit being Offered Separately on Auction Day ~ An Ideal Location Providing 5,900+/- VPD Average Daily Traffic Count ~ This Property Offers Potential Short-Term, Long-Term, or Nightly Rentals, as it Borders Ozark Acres & Only Minutes to the Spring River! ~ Buildings Shown by Appointment Only! ~ To Schedule a Showing or Any Questions, Contact Agent Peter Guerin II at 501-733-6795 ~ Offers Made Prior to Auction Day are Welcome!
(PROPERTY 1) Main Lodge Offers Over 2,800+/- SF on 1.41+/- Acres & has 7-8 Potential Rental Units & Managers Living Quarters ~ Current Owner has Completed Partial Remodeling of Units & has Fixtures & Plumbing Fixtures for Most Units ~ Managers Quarters are Move-in-Ready ~ New Carrier Split Units Installed for All 8 Units ~ Each Unit has its Own Breakers ~ Roof, Windows, Doors & Exterior Paint Updated in 2023 ~ Service Chase Wall Installed to Allow East Access to All Plumbing & Electrical Boxes ~ West Side Rooms have been Gutted, Re-Structured, Re-Wired w/Dedicated Boxes ~ West Side Rooms Newly Insulated & Drywalled ~ This Property Offers 230+/- Ft. of HWY 63 Road Frontage.
(PROPERTY 2) 0.22+/- Acres w/a 750+/- SF, Block Construction Building on Slab & Wall Divides the Interior into (2) Spaces ~ 3/4 Bath w/Shower ~ Right Side Housed a Salon from 1970-2020, w/Left Side being Retail Space ~ Own Water & Electric Service, Shared Septic w/Property 1 ~ Also Offers (8) Older RV Hookups ~ The Building Could be Converted into Additional Living Quarters, Recreation Room, Laundry, or Additional Rental Unit ~ New Exterior Paint & Roof in 2023.
INSPECTION: Drive by Anytime to Inspect the Commercial Property ~ For Access to the Buildings, Call Agent Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com ~ Auctioneers will be On-site at 10:00 a.m. on Auction Day.
CLOSING COMPANY: Ozark Closing & Title Company ~ Closing Agent: Katie Ragsdale (kragsdale@ozarkclosingandtitle.com) ~ 639 Ash Flat Drive, Ash Flat, Arkansas 72513 ~ (870) 994-7753.
REAL ESTATE TAXES FOR YEAR 2023: (PROPERTY 1) $620.00 (PROPERTY 2) $274.00
TERMS: (PROPERTY 1) $10,000.00 ~ (PROPERTY 2) $5,000.00, Each 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.
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