Auction Details
COMMERCIAL
REAL ESTATE AUCTION
WEDNESDAY AUGUST 7
11:00 a.m.
302 North 13th St
Fort Smith, AR
Directions: From Grand Ave turn South on North 13th St.
SELLING REGARDLESS OF PRICE! Incredible business opportunity! Appx 21,000 sq ft in these two buildings. The main building includes 6 executive offices, 15 regular offices, 2 studios, a reception area, 2 break rooms, a mechanical room, restrooms, a garage, and more! The attached smaller building was originally a dental office and consists of 8 offices, 13 cubicles, a 2-car carport, restrooms, and more! This property is perfect for creating co-op office space or for your growing business, and it’s in a great location on an almost 1-acre lot. Seller to pay buyer for a lease on a portion of the building (office space) & tower.
10% Buyer’s Premium. Click on “terms” tab for a full list of terms.
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. This property is selling regardless of price. 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.
Sale is subject to lease agreement (exhibit A of the contract also known as Tower Lease) and to possible code violations from the City of Fort Smith. All of seller’s electronic & other equipment utilized to monitor, support & transmit the seller’s televison station signal from the property, including but not limited to the equipment listed on exhibit b does not convey with the property. By bidding, buyer agrees to these terms and agrees to sign the Tower Lease Agreement. Buyer acknowledges receipt of copies of tower lease agreement, List of excluded equipment, asbestos report, survey & letter from City of Fort Smith Code Enforcement. Yard may not be maintained by seller prior to closing.
Location
