ATTENTION: RESTAURANT OWNERS & REAL ESTATE INVESTORS!
4,408+/- SF Commercial Space, Former Restaurant, on 1.8+/- Acres ~ Less than 2 Miles East of I-49 (Exit 85) ~ Average Daily Traffic Count of Over 28,000 VPD on W. Walnut Street
REAL ESTATE DESCRIPTION: Prime Commercial Space on Walnut Street in Rogers, Arkansas ~ This Property was Formally Operated as a Foghorn's Restaurant ~ The Space Offers 4,408+/- SF on a 1.8+/- Acre Lot w/an Indoor Seating Setup that Includes a Large Bar Area w/Additional 2,500+/- SF Outdoor Patio Seating area that Seats 150 Guests ~ The Restaurant Space Includes 2 Walk-in Coolers, 14' Vent Hood System, 20 Beer Taps, Ice Machine & All Furniture Included ~ New Roof ~ Space Damaged in 2024 Tornado w/Estimated $175,000 in Damages ~ Average Daily Traffic Count of Over 28,000 VPD ~ Great Location w/Ample Parking ~ Located Less than 2 Miles East of HWY 49 (Exit 85) ~ Interior Shown by Appointment Only ~ Offers Made Prior to Auction Day are Welcome!
INSPECTION: Drive by this Property Anytime ~ Interior Shown by Appointment Only! ~ 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: Natural State Title ~ Closing Agent: Allen Gardner ~ 4700 S. Thompson Street, Suite B 105, Springdale, Arkansas 72764 ~ (479) 318-2400.
REAL ESTATE TAXES FOR YEAR 2024: $13,450.00
TERMS: $75,000.00 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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