Online Only Auction
INCOME PRODUCING PROPERTY
Ended: 07/31/19 at 2:00 PM CDT
Location: 516 South Arkansas Ave., Dierks, AR 71833
ATTENTION INVESTORS INCOME PRODUCING PROPERTY
This is a great opportunity for a good manager. This Motel could easily be become and assisted living facility with all it offers. The Motel also has a Dining Room area that couldn’t be rented out for company meetings and parties. It is well constructed 10,936+/- SF Motel was built in 1997. It is a Brick building with a Metal Roof, has 22 Rooms with 2 Manager quarters with kitchenettes, Heat and air units are in each room. New Roof installed October 2014. It has a large Dining Room with tables and chairs, kitchen with double door cooler, commercial stove/oven, comm. vent a hood, commercial ice maker, reception area, office all on 0.76+/- acres ready and located next to the newly updated sawmill and City Park. This property also comes with a separate 1800+/- SF building next door that could be rented or sold and moved.
Contact Broker: Nick Fowler for details 870-356-4848
$10,000 down at the conclusion of Auction or next business day, 10% buyer premium.
DOWN PAYMENT is non-refundable and must be paid in full via Wire Transfer, Credit Card at the conclusion of the auction or next business day with the balance due in 30 days at closing. Purchaser will receive a general warranty deed at closing. Additionally, seller will provide purchaser an “owners” title insurance policy at closing. Buyer and Seller will be responsible for their closing cost.
Participation Requirements: Valid credit card required for bidding approval, name, valid address, and valid email address. NO EXCEPTIONS!! All property is sold ‘AS IS’.
If paying by Credit Card there will be a 5% Administrative Fee Assessed. If paying by wire transfer, there will be a $20.00 fee assessed.
Buyer’s Contract: Upon the Sellers acceptance of the highest bid, your bids placed on the Fowler Auctioneers, Inc. website/bidding platform are a contract and you are responsible for paying all amounts due. Bidder will be contacted at the conclusion of the auction with the results.
Your registration and participation in this auction through Fowler on Line Auctions is a legally binding contract. In the event that a buyer refuses to pay in full at this auction, Fowler Auctioneers retains the right to pursue payment as well as compensation for any applicable legal fees to the full extent of the law in Pike County, AR, the venue of business transactions with Fowler Auctioneers. Property is open to thorough public inspection. It is the Bidders responsibility to determine condition, age, genuineness, value or any other determinative factor. Fowler Auctioneers may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations.
Bidder is responsible to inspect all items and age, condition, description and authenticity of all items prior to placing any bid. No purchase shall be set aside, and Cannon’s Online Auctions, LLC. Shall have no liability for, as a result of any errors in description, cataloging, mislabeling or imperfections. Descriptions are merely a guide and the accuracy thereof cannot be guaranteed or warranted by Fowler Auctioneers, Inc. Online Auctions.