ATTENTION: RESTAURANT OWNERS & REAL ESTATE INVESTORS!
6,254+/- SF Turn-Key Restaurant on 1.6+/- Acres w/Interstate 40 Frontage in Conway, AR
REAL ESTATE DESCRIPTION: This is an Opportunity to Purchase a Prime Commercial Parcel in Conway, Arkansas, Fronting I-40, Surrounded by Hotels, Walmart, Tractor Supply & More High-Traffic Businesses ~ This Property was the Former Outback Steakhouse & Foghorns off Exit 125 (HWY 65 N.) ~ Offering a 6,254+/- SF Restaurant Space on a Large 1.6+/- Acre Lot w/ 100 Parking Spaces ~ The Building is Currently Setup for Seating up to 150 w/Full Service Horseshoe Bar, 3 Prep Areas, 3 Walk-ins, 24' Vent Hood, Updated Glycol Beverage System ~ Manager's Office & Outdoor Seating ~ This Property Also Includes a Tall Interstate Sign Pole for Maximum Visibility on Interstate 40, w/Average Daily Traffic Count of Over 61,000+/- Vehicles Per Day ~ This is a Prime Property w/a Valuable 1.6+/- Acre Lot that Could be Perfect for Redevelopment ~ There are not Many Properties Left like this One in Conway, so Do Not Miss This Opportunity! ~ Property 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!
INSPECTION: Drive by Anytime to Inspect the Commercial Lot ~ For Access to the Building, 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: Lenders Title Company ~ Closing Agent: Jayla Jones/Bart Shaw ~ 1301 Main Street, Conway, Arkansas 72034 ~ (501) 327-6811 ~ Fax/ 329-4962.
REAL ESTATE TAXES FOR YEAR 2023: $11,922.00
TERMS: $50,000.00 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.
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