Auction Details

Auction Dates

Dec 07 , 2018

Description

Commercial Real Estate AUCTION
FRIDAY DECEMBER 7
10:30 a.m.
429 S Zero St, Fort Smith, AR

Directions: From the intersection of Zero St & Wheeler Ave go West on Zero St 2/10 mile.

Appx 4,340 sf metal building w/4 offices, 2 bathrooms, 4 roll-up doors, large chain link fenced lot, containment area w/oil & water separator on appx 4.43 acres adjacent to railroad.

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

Note: (We are selling 7 properties this day, please see other listings for additional information).  Our owners are changing their business and must liquidate these excellent commercial properties. All are in great condition with lots of land and room to grow. So many possibilities for any business or purchase for investment property. We will begin with the property on Wheeler Ave at 10 am, move to the S Zero St property at 10:30 and then the (5) HWY 112 properties beginning at 11 am.

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 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. 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) 996-4401

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