AUCTION Including 2 Commercial Properties BONANZA, AR
October 12, 2023
Including 2 Commercial Properties
THURSDAY OCTOBER 12
10 & 11 Sherwood Ave
Directions: From HWY 45 at Bonanza turn West on Sherwood Ave go 1/2 mile.
10 Sherwood Ave, Bonanza, AR
Really nice over 14,000 sf commercial building on 6 lots. This is a metal & brick building with 5 offices, 3 bathrooms, break room, 3 roll-up doors, concrete floor, loading dock, lots of open warehouse space & lots more!
11 Sherwood Ave, Bonanza, AR
Excellent 40’x100′ metal commercial building on 2 lots. This building is insulated, has steel trusses, concrete floor, 12′ roll-up door, 2 bathrooms & more. Excellent location for your business or storage!
Both of these buildings are in excellent condition, and they are in a great location just minutes from Fort Smith. Both are on corner lots and will be great for any business!!
10% Buyer’s Premium. Please click on ‘terms’ tab for complete list of terms. Real Estate sells at 10 a.m.
Forklifts: Toyota Propane Forklift w/Side Shift – Yale Walk-Behind Elec Forklift
Restaurant Equipment: Gas Stove – Hobart Mixer – Meat Slicer – Coke Cooler – True 1-Door Cooler – Don Cooler – Salad Bar – SS Tables – Plate Dispenser – Roll Around Carts – Small Appliances – Chocolate Fountain – SS Pans, Trays, Bowls, etc – Warming Trays – Bread Racks – SS Shelves – Pots & Pans – Chafing Dishes – Plates, Platters, Dishes, Glassware, Cups, Utensils, Etc – Serving Trays – Bingo Game
Building Materials: Plywood – Misc Lumber (Treated, etc) – Vinyl Windows – Doors – Toilets – Vinyl Plank Flooring – Rolls of Carpet – Ceramic Tile – Pallets of Grout – Pallet of Masonry Cement – Pallets of Brick
Shop: 100’s of Feet of Pallet Racking – Craftsman 14″ Band Saw – Ridgid Table Saw on Stand – Dewalt Shop Heater – Power Tools – Fuel Tank – 55 gal Barrels – Carpet Stretcher – Roll Around Stairs
And: Go-Cart – Deer Stand – Grill – Desks – Office Chairs – Office Cubicles – File Cabinets – Household Furniture (Beds, Sofas, Leather Recliner, Pictures, etc) – Whirlpool Washer & Dryer
Note: This is a great opportunity to purchase two large metal buildings in a great location with lots of room for any business. Expect more personal property than listed – the larger building is full! 10% Buyer’s Premium
All announcements day of sale supersede this ad.
Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
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. Looper Auction & Realty II, LLC represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.
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