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Auction Details

 

Type

Live Auction

Auction Dates

APRIL 21ST, 2022

Description

                                        

Commercial Real Estate AUCTION
THURSDAY  APRIL 21
10:00 a.m.
1510 West Center Street 
Greenwood, AR
Directions: From HWY 71 South turn East on HWY 10 Spur/West Center St go 1 6/10 mile.       
 
Perfect commercial location on the West side of town.  Two commercial buildings previously rented as a tire shop & gun shop.  The appx 2,024 sf rock building has recently been remodeled with lots of room for a retail space & more.  The appx 1,250 sf metal building has two roll-up doors, large shop area, office area, bathroom & more.  The land is appx 1.75 acres with over 200 feet of HWY road frontage & heavy traffic count. 
Excellent investment property!
 10% Buyer’s Premium.   Please click on ‘terms’ tab for complete list of terms. 
     Note: Lots of possibilities for this excellent location!          

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

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