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Auction Details

 

Type

Live Auction

Auction Dates

October 28, 2022

Description

COMMERCIAL REAL ESTATE AUCTION

FRIDAY OCTOBER 28 – 11:00 am

101 HWY 71 NW
Huntington, AR
Puckett’s Service Station
Directions: Corner of HWY 71 and West Broadway

Well established service station in great location. The station has 3 service bays (one with oil change pit), large retail area, 2 bathrooms, lots of storage area, (2) 4,000-gallon fuel tanks, 2 above ground farm diesel tanks & lots more. The building is rock & block with metal siding & metal roof, and it sits on 8 corner lots with lots of room to grow. The tanks were inspected in September 2022. Great business opportunity!!

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

Note: Puckett’s Service Station has been in business for 76 years and is still in operation today.
We are selling the real estate only.  Don’t miss this great opportunity!!

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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