Auction Details

Type

Live Auction

Auction Dates

Aug 12 , 2021

Description

Commercial Real Estate AUCTION
THURSDAY AUGUST 12
11:00 a.m.
15 N 2nd St, Fort Smith, AR
The Park at Westend

Directions: At the West End of Garrison Ave at the Bridge.

Selling a piece of history and excellent investment opportunity! The Park at Westend is a nice amusement park complete with rides, restaurant, food truck, seating, bathrooms & more! This historical location was a Jewish Temple that was demolished many years ago, but the 3-story vault still remains. The gate was salvaged from the 200 Garrison Building which was destroyed by the 1996 tornado, the ferris wheel is from the 1935 World’s Fair, the Bertazzon Carousel is a hand painted Italian Carousel, there is a 1960's style Leland Double-Decker Bus which has been converted to a food truck and the 1950's refurbished Pullman Rail Car has been converted to a restaurant. Also, there are several other bits of history and art work nestled in the park.

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

Note: Don’t miss this great opportunity to purchase a very unique business!  We will be selling the property as a whole and it is ready to open.  Everything has been well maintained.

All announcements day of sale supersede this ad

Terms & 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. 
Property must be kept in-tact as a park.  

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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
Zack Looper
AR Lic #2759
4525 Palestine Road
Huntington, AR 72940
(479) 996-4848

 

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