Auction Details

 

Type

Live Auction

Auction Dates

Nov 19th, 2021

Description

Business Liquidation AUCTION
Including Real Estate
FRIDAY NOVEMBER 19 – 10:00 a.m.
108 & 110 HWY 45, Bonanza, AR

Directions: Appx 3 ½ miles South of Fort Smith on HWY 45 at Bonanza.

Appx 3,000 sf retail store with 3 offices, reception area, bathroom & warehouse storage, appx 9,000 sf metal building with 2 offices, 2 bathrooms, break room and lots of warehouse space on appx 1.02 acres with lots of Highway road frontage. Also, appx 12 ½ acres of mostly open land with large pond located directly behind the commercial property will be sold separately. Great location for any business!

10% Buyer’s Premium on real estate only. Please click on ‘terms’ tab for complete list of terms.  Real Estate sells at 10 am.

Personal Property

Equipment & Shop Items: TCM 4600 lb Elec Forklift – John Deere Plow – 2250 Watt Generator – Lincoln 225 Welder – Welding Hoods & Rods – 2700 PSI Power Washer – Portable Pressure Washer – Weed Eater on Wheels – Shop Fans – Pallet Racking – Extension Ladder – Bander – Ridgid Chop Saw – Dewalt Drill – Bench Vise – Bench Grinder – Battery Charger – Hand Tools – Metal Shop Table – Portable Metal Stand – Wire & Metal Baskets – Barrel Dolleys – Propane & Kerosene Heaters – New Tarps – Bolt Bins – Hub Caps – Plywood – Barrels – Propane Tanks – Gooseneck Hitch – Turtle Trap – Misc Metal

Inventory: Automotive Travel Accessories – Sun Shades – Dog Barriers – Key Chains, License Plates, etc – Shipping Boxes

Office: Desks – Office Chairs – Leather Sofa – Waiting Room Chairs – Table & Chairs – Time Clock – Mini Refrigerator – Microwave – Coffee Maker – File Cabinets – Computer Monitors, Printers – Samsung Phone System – Office Supplies – Remington Horse – Bronze Goats – Wood Elephants – Mounted Fish Dewayne Hada Replica

Expect More!
Note: Our owner has closed the business and must sell this nice store, warehouse, land and all contents. Expect a lot more personal property than listed. Great location just minutes from Fort Smith!

All announcements day of sale supersede this ad

Terms and Conditions

Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
(479) 996-4848
Terms
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing.  

Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.

Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records

Location