Auction Details

Auction Dates

May 31 , 2019


Commercial Real Estate AUCTION
FRIDAY MAY 31 - 11:00 a.m.
2121 Towson Ave, Fort Smith, AR

Excellent Commercial Location! Appx 39,000 sf building on 11 ½ acres. The large building has individual rooms w/outside access doors to each room plus a large kitchen/cafeteria, classrooms, generator room with new generac generator & more.

Property will be selling in 3 tracts and any combination.
Tract 1: 2.3 acres with over 650 ft of Towson Ave road Frontage
Tract 2: 39,000 sf building w/appx 65 rooms on 6.26 acres
Tract 3: 2.96 acres with 638 ft of U Street road frontage. This tract is selling with a proposed cell tower site with a proposed 99 year lease for $700 per month.
Excellent investment property.

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

Note: Multiple possibilities in this unique property. 

All announcements day of sale supersede this ad

Terms & Conditions

Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
(479) 996-4848
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 in approx. 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey (if needed), 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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Looper Auction & Realty II, LLC
Jimmy Looper
AR License #35
4430 Nickletown Road
Greenwood, AR 72936
(479) 996-4848



Looper Auction & Realty II, LLC
Shawn Looper
AR License #36
4525 Palestine Road
Huntington, AR 72940
(479) 996-4848