I-40 Absolute Commercial Real Estate Auction

Auction Information

John Doss

Friday, May 8 @ 9 AM

Auction Notes

Absolute Commercial Real Estate Auction selling regardless of price to the highest bidder on the day of the auction. These incredible properties have loads of commercial potential and the applications are endless. A new survey, to better help determine exact property lines, has been ordered. It will be available by mid-April. Contact John Doss at (501) 584-4410 for more information or to schedule a showing.


Property Descriptions
80 +/- acres in five (5) tracts south of Interstate 40 at Exit 175 (AR-31 toward Lonoke/Beebe). Two properties have leases in place.

Lease 1 (property 1 on map below) is bringing in $2,441.41 a month and extends through March 2025. This lease is comprised of 2 +/- acres and has an 8,615 square foot service garage (76%) / office (24%) and was built in 1996.

Lease 2 (property 2 on map below) is bringing in $200 a month and extends through November 2031. This lease is comprised of 4.5 +/- acres and has structures on it.

Terms

  • Must have proof of availability of funds to register.
  • 10% Buyers Premium added to bidder’s final purchase price.
  • Closing in 30 days with no contingencies.
  • Earnest money in the amount of 10% of each property sold.
  • Earnest money in the form of a cashier’s check made payable in your name to Thomas Blackmon Realty.
  • Earnest money check is due day of the auction.
  • PERSONAL PROPERTY AND CONTENTS MAY CONVEY ON SOME OF THE PROPERTIES SELLING.
  • No contingencies.
  • No exceptions will be made and announcements made day of sale take precedence over printed material.

LOCATIONS

Arkansas Auction Complex
Blackmon Auctions
425 Blackmon Road
Lonoke, Arkansas 72086
FAX 501-676-0218

Oklahoma Auction Complex
Blackmon Auctions
2801 South 32nd Street
Muskogee, Oklahoma 74401

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