Auction Details
AUCTION
Including Commercial Real Estate
FRIDAY JULY 18
11:00 AM
2300 Bluff Ave
Fort Smith, AR
Directions: From Jenny Lind Rd turn West on S W St go 1 block.
Exceptional commercial property in great location! Previously utilized as a church, this multi-purpose property will be great to transform for your business! Two large 2-story buildings on almost an acre plus an additional parking lot across the street. We will offer this property in 3 tracts: Tract 1: Sanctuary/Worship Center which includes a large sanctuary with stage, baptistry and small balcony, 5 offices or classrooms, 2 bathrooms upstairs and fellowship hall/kitchen, 3 offices, 3 classrooms & multiple bathrooms downstairs. Tract 2: Educational Building which includes 8 classrooms & 4 bathrooms upstairs and 9 classrooms, office, 2 fellowship rooms & 2 bathrooms downstairs. Tract 3: Appx 140′ x 50′ paved parking lot. These are sturdy brick & concrete block buildings, and they are in great condition, ready to be used as a church, school, preschool, offices, venue or whatever your needs are! Lots of road frontage and parking.
10% buyer’s premium. Click on the “terms” tab for a full list of terms.
Personal Property
Furniture: Small Oak Table – Appx 270 Padded Chairs – Wood Pew – Several Folding Tables & Chairs – Appx 80 Restaurant Chairs – Desks & Office Chairs – Classroom Tables & Chairs – Marker Board on Stand – Bookshelves – Wood & Metal File Cabinets – Refrigerators & Freezers – Toys – Roll Around Cart – Elec Fireplace – Trash Cans
And: Drum Set – (2) Pianos – Mics & Stands – Music Stands – (2) Rockville Speakers & Stands – Misc Speakers – Misc Electronics – Kyocera Copier – Baumfolder Paper Folder – Costumes – Seasonal Decorations
Note: Expect more personal property than listed. 10% buyer’s premium
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. 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.
