Auction Details

Type

Live Auction

Auction Dates

February 1, 2023

Description

Commercial Real Estate AUCTION

WEDNESDAY FEBRUARY 1

11:00 a.m.

3616 Midland Blvd.

Fort Smith, AR

Currently used as a pawn shop & offices, this appx 5,000 sf building has lots of possibilities. This excellent property has two store fronts and can be easily split into two independent units. The pawn shop side has barred windows & security roll up doors, high ceilings, large open showroom with (8) 5′ custom-built showcases with LED lighting & matching sales counter, bathroom, large warehouse/storage area with roll up door & lots more. The office building portion has 5 offices, large kitchen area, bathroom, large storage room with roll up door. Property includes parking in front and a large, fenced parking lot in back. Everything is exceptionally nice and is ready for new businesses.

10% Buyer’s Premium. Please click on ‘terms’ tab for complete list of terms.

We will sell the large appx 6 1/2′ x 4′ Jewelry Safe & U-Haul Box Bed Truck (used for Storage) separately.

**signage all other personal property included in any photos does not convey with the real estate & it will not be sold**

Note: Our owner has closed this part of their business and must sell this excellent property. You won’t want to miss this one!! 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

Location