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LAKE HAMILTON COMMERCIAL REAL ESTATE AUCTION

Auction Description

ATTENTION: HOT SPRINGS BUSINESS OWNERS, COMMERCIAL DEVELOPERS & INVESTORS!
1.28+/- Acre Commercial Development Tract w/ 560+/- Ft. of Lake Hamilton Frontage & 400+/- Ft. of Central Avenue (HWY 7) Frontage ~ 4,000+/- SF Metal Building ~ 10 Boat Slips on Lake Hamilton ~ 5+/- Miles from Oaklawn ~ Currently 38 Parking Spaces w/Room for Large Vans or Buses

This Prime Commercial Property w/ 400+/- Ft. of Central Avenue (HWY 7) Frontage, w/a Daily Traffic Count of 19,000 VPD, Consists of 1.28+/- Commercial Acres w/a 4,000+/- SF Commercial Building in an Incredible Location on the Main Channel of Lake Hamilton ~ Uniquely, this Property is at the Intersection of the (2) Main Routes for Boats Traveling Across the Lake ~ 10 Boat Slips on Lake Hamilton ~ Breathtaking, Million-Dollar Views ~ 5 Miles South of Expanding Oaklawn Racing, Casino, Resort  ~ This Lake Hamilton Real Estate is One of the Most Desirable Properties we have Ever Offered at Public Auction ~ With Excellent Visibility by Both Car or Boat, Frontage on Central Avenue & Lake Hamilton, and Commercially Zoned, this Property has Everything you could want for a Prime Development on Lake Hamilton ~ Build a Hotel, Restaurant, Marina, Mixed-Use Facility, or Any Business that Desires One of the Best Locations in Hot Springs! ~ Offers Made Prior to Auction Day on the Real Estate are Welcome!

INSPECTION: View this Incredible Property Today! ~ Doors Open & Auctioneers will be On-site at 9:00 a.m. on Auction Day.

CLOSING COMPANY: Hot Springs Title Company ~ Closing Agent: Delania Watson ~ 534 Ouachita Avenue (Suite 3), Hot Springs, Arkansas 71901 ~ (501) 623-4405 ~ Fax/ 623-5165.

REAL ESTATE TAXES FOR YEAR 2018: $12,496.12


TERMS: $100,000.00 in the Form of a Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.
 

Terms

$100,000.00 in the Form of a Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

 

Auction Location

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