ATTENTION: RESTAURANT OWNERS, COMMERCIAL PROPERTY INVESTORS & VENUE OPERATORS!
7,200+/- SF Remodeled Restaurant/Venue Space just off I-40 in Blackwell, Arkansas ~ 4+/- Acre Lot w/Plenty of Parking & 4,000+/- SF Covered Outdoor Entertainment Area
REAL ESTATE DESCRIPTION: Completely Remodeled in 2022, this 7,200+/- Sq. Ft. Building with a Covered 4,000+/- Sq. Ft. Patio Entertainment Area & Screened Dining Area, is Located just West of the I-40 (Exit 101) in Blackwell, Arkansas ~ Formerly Operated as "The Well" Grill, this Prime Building Sits on a 4+/- Acre Fenced/Gated Lot with 225+/- Ft. of Frontage Road Access ~ The Building has 2 Completely New HVAC Systems & Split Units ~ Current Layout Offers Large Open Dining Space, Horseshoe Bar Setup, Stage, Private Dining/Party Room, Kitchen with 2 Walk-ins & an Office ~ The Walls are All Covered in Custom Rough-Cut Cypress with Corrugated Metal Accents ~ Interior & Exterior Blue Tooth Music System ~ Parking Lot is Gravel & there is a 40 Ft. Storage Container Out Back ~ This Building is Move-in-Ready for a Restaurant but Also Prime for a Rental Venue, Church, Retail Location, or Even Convert to a Residential Would be Possible! ~ This is a Fantastic, Well-Maintained Building with Endless Uses in a Convenient Location! ~ Utilities Include Electricity, City Water & Septic Tank ~ Offers Made Prior to Auction Day are Welcome & Encouraged!
INSPECTION: Property can be Viewed by Appointment ~ Contact Agent Peter Guerin II at 501-733-6795/ peter@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. for Inspection & Registration on Auction Day.
CLOSING COMPANY: Lenders Title Company ~ Closing Agent: Jayla Jones ~ 1301 Main Street, Conway, AR 72034 ~ (501) 327-6811 ~ Fax/ 329-4962.
REAL ESTATE TAXES FOR YEAR 2024: $4,275.00
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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